More A2 Milk investors bail after result

Bortolussi says its been an incredibly diffcult year. (Image: Supplied)

Thu, 26 Aug 2021

Investors didn’t take kindly to A2 Milk’s result, despite it being well signalled, and the shares were down 9.8% in mid-day trading. The issue? “The result itself was at the lower-end of guidance and below the consensus estimates,” said Harbour Asset Management director, senior research analyst Oyvinn Rimer.Also “the outlook is also quite soft albeit with a number of caveats given uncertainty around the recovery of the Daigou channel.”He noted the company is signalling that expenses are going up (m...

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