A2 short-seller reveals secret art to profits

A2 Milk is facing at least one class action. (Image: Getty)

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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