ATM are sitting on or about their three year primary trendline and it could well be top up time again.
It’s on balance good news this week after a period of watching what oddly and ironically could only ever have been a potential matter of entirely insignificant importance.
Chinese infant formula sales are presently only a minute percentage contribution to revenues.
The A2 milk company have good inventories, their producer Synlait anticipate a resolution next month, the market now has a schedule which is always appreciated, and we should be confident that Synlait are using all those good Chinese contacts they have in totally smoozing bureaucrats in China in overdrive on ATM’s behalf, because ..... without customers to produce for Synlait are no better off at all.
Could be a nice wee bounce and turn around from here given all this was just so ridiculously overdone.
“Currently there are sufficient levels of inventory of a2 Platinum™ infant formula held by our distribution partner China State Farm State to ensure consumer demand in China continues to be satisfied.”
https://www.nzx.com/files/attachments/192961.pdf
ATM are sitting on or about their three year primary trendline...
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