The A2 Milk Company (ATM): 1H23 Result – Initial Impressions
The a2 Milk Company (ATM) reported a solid 1H23 result, with EBITDA of NZ$107.8m and NPAT (including the MVM non-controlling interest) of NZ$68.5m...
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The A2 Milk Company: 1H23 Preview — Looking to SAMR & Guidance
We expect The a2 Milk Company (ATM) to report a 1H23 result showing solid growth across the board, driven by the inventory rebalancing impacts in...
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The A2 Milk Company: Heading Stateside — A Worthy Journey?
The US is the world's second largest Infant Formula (IF) market with a retail market size ~15% that of China and in light of competitor supply...
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Endeavour Group Placement - Recent Momentum Has Been Very Weak
Woolworths Ltd (WOW AU) plans to raise around US$438m via selling 5.5% of Endeavour Group (EDV AU). In this note, we talk about the deal dynamics...
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The A2 Milk Company: Crawling Forward
The a2 Milk Company's (ATM) AGM update had little surprises - refined FY23 guidance (higher revenue but lower margins) implies low double digit...
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