My view probably won't be a popular one, but I do not think that...

My view probably won't be a popular one, but I do not think that recent shortage in au has anything to do with where a2 ship their products. I think it's more logistical or supplier/reseller issue. The fact that it was short lived is pointing exactly at that.
However, you are right about pricing recovery and exchange rates, it will help. But what you have described above regarding "bypass Australia" this is exactly what get Bellamy's into troubles when they decided to bypass daigou and sell directly to china. Everyone knows how it ended up for them. Thing is it's not about where to send product china or australia, it's about selling products. There is no point to send it to chinese warehouse if it won't go any further. People tend to buy from sources they trust and australian based resellers so far were more trusted than china based afaik. Saying that I acknowledge that they need to shift their focus on establishing more direct channels into china but not the way Bellamy's did it and it's going to be a long process.
As for share price my sentiment is it won't go anywhere until a2 start showing that they can deliver what they have promised - new products, expending markets, etc. It may take awhile, my expectation these news will start coming up in 6-12 months and until then we will have H1 slightly lower than last year and H2 slightly higher than last year, but at the end I do believe that they will deliver on their promise. The only problem I have is that what they have promised is not that inspiring. But who knows they might surprise.
This is my last post this year, so God bless everyone and have a great one!