ASX Announcements
Notification of cessation of securities - A2M
Appendix 3H (Notification of cessation of securities)
- Jul 12, 2024
- 4 pages
Market Sensitive
Synlait Special Shareholders Meeting, a2MC voting update
Notice of Meeting - Other, Company Administration - Other
- Jul 11, 2024
- 1 page
Notification of cessation of securities - A2M
Appendix 3H (Notification of cessation of securities)
- Apr 15, 2024
- 4 pages
Becoming a substantial holder, Security holder details - Other
- Apr 5, 2024
- 4 pages
June
The a2 Milk Co’s main supplier Synlait needs China rescue package
China’s Bright Dairy is lending $NZ130m to the dual-listed company, in which a2 Milk Co has a 19.8 per cent stake and relies on for infant formula supply.
- Simon Evans
April
Synlait Milk races to raise capital and sell assets to repay debt
Around $120 million was due on Thursday, but the New Zealand-based group has won three more months to find the money for its lenders.
- Carrie LaFrenz
February
A2 Milk shares surge on upgraded outlook
The infant formula player reliant on the China market has topped profit expectations, but pushed out its goal of reaching $NZ2 billion in sales by 2026.
- Updated
- Carrie LaFrenz
November 2023
- Exclusive
- BOSS
Australia’s 50 highest-paid CEOs in 2023
Despite topping the pay ranks, Macquarie Group’s Shemara Wikramanayake is just one of two women on the list.
- Patrick Durkin
November 2023
A2 Milk boss says China formula market in steep decline
David Bortolussi says the fresh milk and formula company expects low, single-digit revenue growth in 2024 and flat profit margins.
- Updated
- Carrie LaFrenz
Aussie brands still rule China’s downsized Single’s Day
Australian products from vitamins to infant formula are still hot sellers at the world’s biggest shopping event, which offered big discounts this year.
- Carrie LaFrenz
Bids roll in for Synlait’s Dairyworks; debt levels spark concern
The asset is likely to be acquired by one of the smaller strategic buyers, with the likes of Bega understood to have swerved the auction.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2023
ASX drops ahead of Fed meeting, tech and energy slump
Energy stocks found little joy from higher oil prices on Monday. A2 Milk retreated as its spat with Synlait escalated.
- Cecile Lefort
A2 Milk and Synlait infant formula feud worsens
a2 Milk wants to take more control of its supply chain, but its 20 per cent-owned infant formula supplier Synlait is annoyed at a move to up-end exclusivity.
- Simon Evans
August 2023
a2 Milk meets full-year guidance but warns on China
The a2 Milk Company has eked out a double-digit gain in revenue and small gain in 2023 earnings but warned China will be more challenging this year due to fewer newborns.
- Carrie LaFrenz
July 2023
Bubs’ China problem gets worse
The infant formula player’s fourth quarter China sales crashed nearly 100 per cent compared to a year ago.
- Carrie LaFrenz
June 2023
Bubs’ China strategy in focus as chair goes toe-to-toe with ex-chair
After weeks of acrimony between the current and past board, Bubs has set a date for a meeting to decide who will run the company.
- Updated
- Carrie LaFrenz
- Exclusive
- Baby formula
Bubs CEO hopeful warns on risk of write-down
Peter Nathan warns there is a “conflict” in a major shareholder “effectively representing one retailer” as he outlines why he should be given the top job.
- Carrie LaFrenz
A2 Milk wins key China approval for baby formula
The company’s manufacturing partner, Synlait Milk, received the OK from Chinese authorities to sell its upgraded formula, removing a major overhang on the stock.
- Carrie LaFrenz
A2’s Peter Nathan could take Bubs back to the future
No wonder Lin and Carr are keen on Nathan. He’s seen it all before and is unlikely to disagree on their strategy.
- Myriam Robin
May 2023
- Exclusive
- Baby formula
Inside the Bubs board fallout
Bubs co-founder Kristy Carr and former executive chairman Dennis Lin were at an event in China in early April. Days later a board spill erupted. They were out, but tensions had been simmering for some time.
- Carrie LaFrenz
Bortolussi puts US at the heart of a2 Milk shakeup
Kevin Bush, the Australia and NZ CEO, will head to the US while chief strategy officer Eleanor Khor will expand her role and lead the local business.
- Carrie LaFrenz
How Ten scrambled to recover from MasterChef tragedy
The way Ten responded to Jock Zonfrillo’s death speaks to just how important ‘MasterChef’ is to the struggling network.
- Mark Di Stefano, Sam Buckingham-Jones and Carrie LaFrenz
April 2023
A2 Milk fumes over partner Synlait’s profit downgrade
The infant formula group said it was “surprised” by the size of a profit downgrade at its contract supplier, Synlait, which revealed its own profit downgrade.
- Simon Evans
March 2023
Fundie touts Nasdaq’s First Solar as best long idea since Afterpay
Gary Hui has a reputation as a data-driven short seller making successful bets against Kogan and a2 Milk, but now he says he’s found a clean energy long.
- Tom Richardson