ehh, due to management failing to pursue aggressively other suppliers and fact that synlait holds the licence (what has a2 done to get MVM to licence level in the 3 years they purchased it?), a2 needs them and that is what bright played off. They also know a2 is heavily reliant on china due to failure to pursue other markets so know that a2 needs to play ball with whatever narrative they give. This whole ordeal with synlait has been in brights favour only.
SML/bright attacked a2 with accusations, damaging price through 2022-2023 and now while a2 decline again sml gained significantly as a result of event. That is a fail by management.
A2M Price at posting:
$5.31 Sentiment: Buy Disclosure: Held
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