ASX rallies on Monday following buoyant market sentiment. US CPI data to be revealed on Tuesday. A2 Milk and Liontown feature.
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A2 Milk Jumps On FY22 Profit and Share Buyback
Infant formula producer a2 Milk Company [ASX:A2M] released ‘strong double-digit growth’ for FY22 and announced a NZ$150 million share buyback.
A2 Milk: NZ$150 million share buyback ‘most appropriate form of capital management at this time’
Infant formula stock A2 Milk announced a NZ$150 million share buyback on Monday. A2M thinks the buyback is “the most appropriate form of capital management at this time.” Given the strong response on Monday, the market seemingly agrees. Although I do wonder whether a NZ$150 million buyback really is the most appropriate form of capital […]
ASX down 2% but A2 Milk, Lovisa, and McMillan Shakespeare buck trend
Yes, it’s a dour day for the ASX on Monday. Following steep falls on Wall Street on Friday, the ASX 200 is currently down almost 2% while the All Ords is down 2.1%. Yet not all stocks were in the red. Some even thrived. Salary packaging provider McMillan Shakespeare is up 11.4% at the moment […]
ASX opens 1.9% down but A2 Milk surges
The S&P/ASX 200 is currently down 1.80% as bearish sentiment returns following hawkish comments from the US Federal Reserve chair Jerome Powell. US stocks closed sharply down on Friday following Powell’s speech at the Jackson Hole summit, where the central banker reaffirmed the Fed’s firm stance on stamping out inflation — even if it crimps […]
ASX closes 0.53% lower; St Barbara, City Chic, Life360, A2 Milk fall
The S&P/ASX 200 fell 0.53% on Wednesday, taking the benchmark index below 7,000. The biggest decliners of the day: Gold miner St Barbara fell 11.5% after flagging rising costs in FY23 guidance and lower grades City Chic fell 8% Life360 fell 7% A2 Milk fell 6.9% after the US FDA deferred A2M’s request to supply […]