my view on any takeover talk. if it was acceptable to both Chinese and NZ interests to start, the skills required to navigate China are not easily replicable, nor are the governmental relationships. for me the overall risk profile far outweighs any benefit for a traditional FMCG operator to take on. this in my view would narrow the suite of suitors, which would probably depress/negate any auction pricing benefit.
I'd like to think (when I'm being rational) that the team are doing a good job at unlocking A2M's potential in a sustainable manner. Still plenty of work to do, but I'm not feeling the daily shorts pressure of the past 4 years……they'd one of the few middle to large FMCG firms meeting both top and bottom line forecasts, and that's a big tick from me.
A2M Price at posting:
$5.92 Sentiment: Hold Disclosure: Held
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