I think the CFO during this weeks telephone conference (after mondays announcement) inferred Australian sales for IF were traditionally almost 100% retail daigou (students) buying from Coles etc and sending back to China. Minimal sales have been to Aussie mothers.
If A2M has been caught with old stock centrally in NZ they may not want to put old stock onto shelves, its a terrible look. Hence the IF stock new for old exchange coming up.
Despite all the bad news I am not that worried. A2m will rebound on positive news and then we all need to average up.
A2M Price at posting:
$5.75 Sentiment: Hold Disclosure: Held
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