Page 6 - Peter Nathan News Today

Exercise of options generates multi-million-dollar paper profit. A2 Milk’s influential Asia Pacific chief executive Peter Nathan is sitting on unrealised gains of more than $15 million after exercising share options to boost his holding in the high-flying   Choose your best value subscription option here. Already have an account? Login

By Stephen Wright WELLINGTON, New Zealand--Infant formula marketing company a2 Milk Ltd. lowered its annual earnings forecast for the fourth time since September as the pandemic continues to crush sales via Chinese surrogate shoppers. The company also said the chief executive of its Asia-Pacific division, Peter Nathan, has resigned and it has started a review of its business, in particular its reliance on daigou--surrogate shopping--sales. "The board recognises that the company need...

A2 Milk (ASX:A2M) share price in danger after downgrading guidance again James Mickleboro | May 10, 2021 7:30am | More on: A2 Milk Company Ltd(ASX: A2M) share price could come under further pressure on Monday. This follows the release of a trading update which reveals that it has downgraded its FY 2021 guidance yet again. What did a2 Milk announce? According to the release, trading dynamics in the China infant nutrition market have continued to be challenging for the company. As a result, it ...

Long-serving Asia Pacific head resigns amid daigou stock pile-up. Dairy product marketer A2 Milk has revealed problems in its infant formula sales channel to China are worse than it thought, with a further downgrade of forecast profit for the   Choose your best value subscription option here. Already have an account? Login

Former high flier A2 Milk takes a tumble on earnings downgrade 10 May, 2021 05:34 AM 5 minutes to read A2 Milk has taken a big knife to its EBITDA margin forecasts for 2021. Shares in former sharemarket darling a2 Milk took a battering after the alternative dairy company slashed its revenue and earnings forecasts for the 2021 financial year. It was its fourth consecutive downgrade. A2s shares closed at $6.62, having bounced off their session low of $6.05 but still well down fr...

Why the A2 Milk (ASX:A2M) share price is crashing 15% lower today James Mickleboro | May 10, 2021 1:00pm | More on: A2 Milk Company Ltd (ASX: A2M) share price on Monday. At one stage today, the fresh milk and infant formula company’s shares were down 15.5% to a multi-year low of $5.93. The a2 Milk share price has recovered a touch since then but remains 9% lower at $6.40 at the time of writing. Why is the a2 Milk share price crashing lower? Investors have been heading to the exits in their...

Tina Morrison13:07, May 10 2021 SUPPLIED Sales of a2’s infant formula to China have been hurt by disruptions to trading during the Covid-19 pandemic. Shares in The a2 Milk Company plunged to their lowest level in more than three years after the specialty milk marketer cut its forecasts for a fourth time as its sales to China were disrupted by the Covid-19 pandemic. A2 expects revenue of between $1.2 billion and $1.25b in the year to the end of June, down from its $1.4b forecast in February, ...

Jarden Brief: Major US pipeline hit by cyber attack 10 May, 2021 08:12 PM 7 minutes to read Colonial Pipeline transports more than 2.5 million barrels of fuel every day. Photo / AP NZ Herald Coming Up Today: The UK will release GDP figures. Investors may be interested in the impact that these numbers have for continued European stimulus. Chinese CPI numbers are to be released which will provide another data point in the building inflation narrative. In New Zealand, Meridian wi...

ASX hits new record high; BHP, Rio, Fortescue soar Save Share ASX could hit 7500 in coming weeks William McInnes The momentum in the Australian sharemarket is set to continue, with some investment experts tipping the S&P/ASX 200 Index could clear 7500 in the coming weeks, driven by the banks and iron ore miners. The benchmark index closed at its highest level on record on Monday driven by a surge in the major iron ore miners amid soaring commodity prices. “The ASX/S&P 200 is set to surpass...