I said it was over priced in the short term at 5.30 after earnings and it should pullback and it did. I got back in at low 5s. Was hoping for more of a pullback but didn't happy and lucky I got in when I did.
What has changed:
- July sales figure showing A2 fastest growing infant formula in china based on month to month and compared to July 2016. 4.5% market share of online china sales.
- Synalit confirming 18000 MT of infant formula for 1H18 while whole of fy17 was 18000. A2 is 70-80% customer of this.
- Other bullish industry data that I'm unable to share.
- Encouraging signs on Tmall that I have noticed.
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I said it was over priced in the short term at 5.30 after...
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2 | 1275 | 6.400 |
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1 | 1200 | 6.320 |
Price($) | Vol. | No. |
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