Markets

A2 short-seller reveals secret art to profits

Australian Financial Review
Tue, 26 Oct 2021

A2 short-seller reveals secret art to profits
A2 Milk is facing at least one class action. (Image: Getty)
Australian Financial Review
Tue, 26 Oct 2021
Geometrica Fund manager Gary Hui could not believe the A2 Milk Company maintained its profit and revenue guidance at last November’s annual general meeting.Every single data point told one of Australia’s leading short sellers that the infant formula retailer’s forecast for revenue up to $1.9 billion in financial 2021 was too optimistic. In response, he loaded up a short position and watched as the market darling delivered three share price-wrecking downgrades over the next eight months.In the public’s imagination, short-...

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