Well, thats it for the third quarter of the 17/18 year.
The market is down 5.5% and A2M is up 55.0%, just shaded by Bellamys who've had a sterling comeback from their near death experience.
A2M is down some 14% from its all time high of a couple weeks ago which has been of concern, but in hind sight it probably was due for a correction.
Will Nestle be a disruptor? Based on the commentary on HC and a number of other sources, I do not think so. It will expand the market and the analogies put forward - SUVs/Coca Cola/Cigarettes(ppht) and other items are correct, the market will expand, so will our share of it.
Further, the two largest companies in the world in our space have endorsed the A2 product, can't be to bad of a position to be in.
To state the obvious, the management of A2M knew the competition was ramping up and they have committed larger resources to the marketing of our product and the very important strategic relationship with Fonterra. As someone mentioned, A2M now has the resources of a $18B company to ramp up its operations.
I reckon we aren't doing to badly, of course the next quarter will be all important, but I cannot see the figures falling from what has been noted in the Investors Report, I see the figures increasing by a m minimum of 10%.
Have a great Easter break everyone.
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