Posts tagged "a2 Milk Company"

Massive fund manager BlackRock reveals 5 per cent holding in a2 Milk

[7 June/NZ Herald] One of the world’s biggest fund managers, BlackRock, emerged as a significant shareholder in the a2 Milk Company with a 5 percent stake. It said recent purchases took it over the 5 percent threshold, meaning it was required to declare its stake. A2 Milk Company became New Zealand’s largest listed company earlier...

a2 breaks $10 billion valuation mark

[22 February/NZ Herald] After a recent announcement of another bumper profit and the formation of a joint venture with Fonterra, the a2 Milk Company (‘A2 Milk’) has become New Zealand’s largest listed company. The announcements raised the the company’s share price by $4.25 to a record $13.75. This gave the company a market capitalisation of...

New adult nutrition products could be bigger than infant formula – a2

 [28 November/ National Business Review] a2 Milk Company Chief Executive, Geoff Babidge said the company planned on launching several new adult nutrition products in 2017. Mr Babidge added that they had the potential to grow even faster than the company’s infant formula which had seen sales increase from $17 million in the six months ended...

A2 Milk sees no glut of infant formula

 [9 November/ National Business Review] The a2 Milk Company announced that its first quarter sales reached $112.5 million after sales more than doubled to $353 million in the year ended 30 June. The company’s share price increased by 4.6 percent to $2.06 per share following the announcement. a2 Milk Company Chief Executive, Geoff Babidge said...

A2 shares fall as investors weigh up funding needs

[20 July/ National Business Review] A2 Milk shares fell to a three-week low as investors weighed up the company’s funding needs after the board turned down a potential offer from Freedom Foods Group and Dean Foods. Salt Funds Management Managing Director, Matt Goodson said the fall in share price indicated the company will require new...

Takeover speculation drives up a2 share price [25 June/ Otago Daily Times]

Speculation of Freedom Foods and Dean Foods Company’s takeover of the a2 Milk Company has raised the latter’s share price from $0.57 to $0.77, while the Australian Financial Review speculated a bid could be as much as $2 per share. Forsyth Barr Broker, Andrew Rooney believed there was a solid chance of a bid value...

A2 growing but little profit

[28 August/ Business Day] The a2 Milk Company was only marginally profitable, despite its growth in sales during the year to June 30. Total revenue increased 17 percent at $111.3 million. a2 Managing Director, Geoffrey Babidge, said that it has been a challenging year, but the company was pleased with its performance in Australia where...

China approves a2 Milk Company product

[22 July/ Business Day: NZ Farmer] The a2 Milk Company said that it has received approval from Chinese regulatory agencies to resume exports of the a2 Platinum branded infant formula to China. The company’s a2 Platinum infant-formula processing and manufacturing partner, Synlait Milk’s interim contract provider, Auckland based New Zealand New Milk Ltd also received...