Rear Window
A2's millionaires still dumping stock
Myriam RobinColumnistAug 27, 2020 – 5.49pmKiwi milk company (and ASX darling) A2 is near its historic highs, and you better believe a swag of insiders are locking in their paper gains.
From the ASX comes news of chairman David Hearn's Monday dumping of 250,000 shares through a broker facility. It's about a fifth of his total holdings, sold at $18.60 a pop (converted from New Zealand dollars), for a total gain of $4.6 million.
And because New Zealand's bourse makes companies disclose the equity holdings of far more than the board, we know he wasn't alone.
A billboard in Hong Kong advertising a2 infant formula.
Through presumably the same facility, newly returned chief Geoffrey Babidge dumped 100,000 shares, a quarter of his holdings, for $1.9 million. Which is more than the $1.6 million base pay he makes in a year heading up A2.
Lower down the ranks, massive disposals were the order of the day.
RELATED QUOTES
A2MThe A2 Milk Company
$17.47 -3.05%View A2M related articlesSep 19Dec 19Mar 20Jun 2011.0013.0015.0017.0019.00Updated: Aug 28, 2020 – 4.13pm. Data is 20 mins delayed.tA2's Asia-Pacific CEO Peter Nathan, credited as the man who drove A2's lucrative push into China, sold 750,00 of his 850,000 ordinary shares at various prices, for a total windfall of $13.8 million.
Growth and marketing exec Susan Massasso sold 474,356 of her 1,015,747 shares, for $10.5 million, out of which she spent $512,103 buying up some more. Meanwhile, HR and sustainability chief Lisa Burquest vested and immediately sold 9868 time-based share rights, which cost her nothing to exercise but which were sold for a total of $184,307.
At least chief operations officer Shareef Khan doesn't seem keen to flog every share not nailed down. He sold 200,000 shares (for $3.6 million), but also laid down $230,702 exercising 400,000 NZ63c options, ending up with twice as many shares as he started with.
And to think A2 listed at 56¢ five years ago. It's minted a few millionaires since.
Myriam Robin is a Rear Window columnist based in the Financial Review's Melbourne newsroom. Connect with Myriam on Twitter. Email Myriam at myriam.robin@copyright link
- Forums
- ASX - By Stock
- A2M
- Big selling - AFR
Big selling - AFR
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
|
|||||
Last
$5.66 |
Change
0.010(0.18%) |
Mkt cap ! $4.091B |
Open | High | Low | Value | Volume |
$5.67 | $5.68 | $5.63 | $452.5K | 79.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 3392 | $5.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.67 | 10466 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 5300 | 5.650 |
10 | 18862 | 5.640 |
9 | 37733 | 5.630 |
11 | 37742 | 5.620 |
8 | 17380 | 5.610 |
Price($) | Vol. | No. |
---|---|---|
5.670 | 11958 | 15 |
5.680 | 27906 | 14 |
5.690 | 21957 | 7 |
5.700 | 52082 | 13 |
5.710 | 5504 | 4 |
Last trade - 10.46am 30/08/2024 (20 minute delay) ? |
Featured News
A2M (ASX) Chart |