A2 shares slump 11% as investors call time on stellar run

Paul McBeth
Wed, 01 Nov 2017

By Paul McBeth Nov. 1 (BusinessDesk) - A2 Milk Co shares slumped 11 percent as investors cashed in on a stellar run in the stock which had been up more than 300 percent this year.  The shares dropped 92 cents to $7.75 as at 2.15pm having peaked with a record close $8.75 on Oct. 30. A2 and its supplier Synlait Milk have been a breaking new ground since getting Chinese registration for their brands in September, and A2, in particular, has been a favourite among Australian investors for having managed to navigate through the Chinese market i...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
MARKET CLOSE: Shares bounce on big banks boost
Dan Brunskill | Fri, 25 Sep 2020

Financial stocks led the market higher as the Australian government rolls back responsible lending rules. 

Election 2020
Jones' last precious PGF drops
Brent Melville | Fri, 25 Sep 2020

Reefton Distilling Co gets $1 million from the Provincial Growth Fund as minister Shane Jones squeezes the last few drops from the vehicle before the election. 

Listed Companies
Air NZ signals June 2021 capital raising
Victoria Young | Fri, 25 Sep 2020

Air NZ has already started drawing down from $900 million government loan facility.

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.