A2M 4.97% $6.55 the a2 milk company limited

It's possible that some people may want to switch back from A2...

  1. 966 Posts.
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    It's possible that some people may want to switch back from A2 to homebrand milk, however, the likelihood of such must be small. Who's so desperate to save few dollars a week on milk? Regardless of the first proposition A2 is ramping up/reigniting its distribution of its fresh milk in China. Aussie may not have been aware of this as the larger more organised and corporate daigous are advertising a larger footprint of fresh milk delivery across China. More cities and lines been opened just like how we are rolling out the fresh milk business in North America.

    It all made sense as the airlines nowadays are having close to no business at all apart from some freights. The free up of capacity combined with a crashing oil price and relatively low AUD making the fresh milk business more viable compared to the past. This should at least partially explain the recent strength in A2M's share price.

    All in all, the company is doing great. $20 must be in sight soon. Although I'm not a technical person my gut feeling is that the big player(s) are consolidating. Once the sellers below $20 are exhausted it will shoot up again.

    Good luck to all holders.
 
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Last
$6.55
Change
0.310(4.97%)
Mkt cap ! $4.735B
Open High Low Value Volume
$6.29 $6.58 $6.27 $31.16M 4.836M

Buyers (Bids)

No. Vol. Price($)
2 11796 $6.51
 

Sellers (Offers)

Price($) Vol. No.
$6.55 60520 5
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
$6.51
  Change
0.310 ( 4.44 %)
Open High Low Volume
$6.29 $6.57 $6.28 849707
Last updated 15.59pm 16/05/2024 ?
A2M (ASX) Chart
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