Hangon, aren't you always complaining about how they need to diversify away from Synlait?
Well by that token isn't MVM exactly the kind of investment they needed to make? It's allowed them to start manufacturing some products themselves, with more on the way.
Theres a $20M loss associated with it in the last year but that's reducing as they in source more of their own manufacturing. I'm not quite sure how the calculations would work, but at some point I also wonder if a small loss each year would still be better than what ot would cost to purcahse that product from a 3rd party. But either way it will likely be profit making in FY26 or 27.
Regarding buybacks answer me this. What in your opinion is the single main objective of a buyback?
A2M Price at posting:
$6.23 Sentiment: Buy Disclosure: Held
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