Fair points made by Bell, but a bit disappointed no supply chain issue was discussed in this report, which is the major concern from my perspective at the moment.
I'm seeing Austrlian distribution channels not meeting retail damand by a large gap for quite a while.
Received communication from A2M today regarding this issue I raised a few weeks ago. Not very informative for sure.
Hello xxx,
Thank you for your email and interest in The a2 Milk Company and our sincere apologies for the delayed response. We have been inundated with inbound enquires over recent months.
The Company performs in excess of 600 store checks across multiple channels and customers per week.
Close attention continues to be applied to the infant formula supply chain and the Company continues to work closely with its infant formula manufacturing partner, Synlait Milk to meet demand.
We appreciate your interest in the Company and if you have any further enquiries please be in touch.
Kind Regards
The a2 Milk Company Team
The a2 Milk Company Limited
PO Box 1564
NORTH SYDNEY NSW 2059
T +61 2 9697 7000
Good Old Bell Potter Downgrades from Buy to Hold, page-47
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