The a2 Milk Co Ltd (ASX: A2M) Share Price and News
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The a2 Milk Co Ltd (ASX: A2M)
Latest News

Consumer Staples & Discretionary Shares
A2 Milk shares drop amid Bubs trading halt

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Broker Notes
Brokers name 3 ASX shares to buy now

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Consumer Staples & Discretionary Shares
A2 Milk CEO: 'I understand shareholders are disappointed with the share price'

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Consumer Staples & Discretionary Shares
Why is the A2 Milk share price tumbling today?

Consumer Staples & Discretionary Shares
September has been another disappointing month for A2 Milk shares. What now?

Consumer Staples & Discretionary Shares
A2 Milk share price falls on shock update

Consumer Staples & Discretionary Shares
What is Goldman Sachs saying about A2 Milk shares?

Broker Notes
3 winners and 3 losers from ASX reporting season
Frequently Asked Questions
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The a2 Milk Company Ltd does not currently pay a dividend.
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The a2 Milk Company Ltd does not currently have a dividend reinvestment program.
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The company was founded in 2000 in New Zealand and listed on the ASX in March 2015.
A2M ASX Announcements
An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.
Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
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YesNo |
About The a2 Milk Co Ltd
A2 Milk Company Ltd (ASX: A2M) is a fresh milk and infant formula company that sources, produces and supplies a2 brand milk and milk-related products in Australia and globally.
The company produces fresh cows' milk that naturally contains the A2 protein type and no A1 protein. Some research suggests the A1 protein can cause digestion issues.
After listing on the ASX in 2015, the A2M share price went from strength to strength, becoming one of Australia’s largest listed companies.
However, the company has been under pressure since July 2020 amid a rapidly changing infant formula market and daigou channel in China. The A2M share price has plummeted from its then-high of around $20 to the current level today.
A2M Share Price History Data provided by Morningstar.
Date | Close | Change | % Change | Volume | Open | High | Low |
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01 Dec 2023 | $3.88 | $-0.04 | -1.02% | 1,933,790 | $3.93 | $3.96 | $3.86 |
30 Nov 2023 | $3.92 | $-0.05 | -1.26% | 3,122,829 | $3.99 | $4.01 | $3.89 |
29 Nov 2023 | $3.97 | $0.02 | 0.51% | 2,079,334 | $3.94 | $3.99 | $3.90 |
28 Nov 2023 | $3.95 | $0.02 | 0.51% | 1,649,649 | $3.92 | $3.99 | $3.92 |
27 Nov 2023 | $3.93 | $0.00 | 0.00% | 1,986,751 | $3.96 | $3.97 | $3.90 |
24 Nov 2023 | $3.93 | $0.01 | 0.26% | 1,014,637 | $3.91 | $3.95 | $3.90 |
23 Nov 2023 | $3.92 | $-0.01 | -0.25% | 925,941 | $3.91 | $3.94 | $3.88 |
22 Nov 2023 | $3.93 | $-0.08 | -2.00% | 1,241,362 | $4.01 | $4.03 | $3.91 |
21 Nov 2023 | $4.01 | $-0.10 | -2.43% | 1,753,828 | $4.12 | $4.15 | $4.00 |
20 Nov 2023 | $4.11 | $0.10 | 2.49% | 3,604,935 | $4.02 | $4.18 | $3.98 |
17 Nov 2023 | $4.01 | $0.19 | 4.97% | 5,388,193 | $3.93 | $4.05 | $3.90 |
16 Nov 2023 | $3.82 | $0.02 | 0.53% | 5,823,058 | $3.88 | $4.02 | $3.81 |
15 Nov 2023 | $3.80 | $0.03 | 0.80% | 5,055,401 | $3.79 | $3.80 | $3.70 |
14 Nov 2023 | $3.77 | $0.03 | 0.80% | 2,007,090 | $3.76 | $3.77 | $3.72 |
13 Nov 2023 | $3.74 | $-0.08 | -2.09% | 2,334,505 | $3.82 | $3.83 | $3.73 |
10 Nov 2023 | $3.82 | $-0.07 | -1.80% | 2,018,422 | $3.89 | $3.90 | $3.79 |
09 Nov 2023 | $3.89 | $-0.05 | -1.27% | 1,870,050 | $3.94 | $3.94 | $3.85 |
08 Nov 2023 | $3.94 | $0.02 | 0.51% | 2,640,894 | $3.92 | $3.94 | $3.89 |
07 Nov 2023 | $3.92 | $-0.05 | -1.26% | 1,554,424 | $3.97 | $3.99 | $3.90 |
06 Nov 2023 | $3.97 | $-0.03 | -0.75% | 1,910,712 | $4.02 | $4.05 | $3.95 |
Director Transactions Data provided by Morningstar.
Date | Director | Type | Amount | Value | Notes |
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30 Aug 2023 | David Bortolussi | Exercise | 478,577 | $2,249,311 |
Conversion of securities. 992,086 performance rights
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30 Aug 2023 | David Bortolussi | Buy | 478,577 | $2,249,311 |
Conversion of securities.
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02 Feb 2023 | David Bortolussi | Exercise | 155,641 | $1,077,035 |
Conversion of securities. 1,470,663 performance rights
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02 Feb 2023 | David Bortolussi | Buy | 155,641 | $1,077,035 |
Conversion of securities.
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Directors & Management Data provided by Morningstar.
Name | Title | Start Date | Profile |
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Mr Warwick Lynton Every-Burns | Non-Executive Director | Aug 2016 |
Mr Every-Burns has been a career Consumer Packaged Goods (CPG) executive of global scale. His executive roles have included a successful career with The Clorox Company of the USA as Senior Vice President, International, based in the USA and prior to that as VP Asia Pacific. His earlier roles included Managing Director of NationalPak Limited (the Glad Products Company ultimately acquired by Clorox) and a career with Unilever PLC where he was based in Australia. He is a member of Risk Management Committee and chair of people committee.
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Mr David Landt Bortolussi | Chief Executive OfficerManaging Director | Feb 2021 |
Mr Bortolussi spent five years at Foster's Group, where he held the role of Chief Strategy Officer responsible for corporate strategy, M&A, business development and performance improvement. Prior to Foster's Group, David held senior consulting roles at McKinsey & Company and PwC. David's career has largely been focused on the Consumer and Retail sector in Australia and New Zealand complemented by significant international experience in various markets and categories in China, SE Asia, EU and the USA.
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Ms Philippa (Pip) Mary Greenwood | Non-Executive Director | Jul 2019 |
Ms Greenwood is also a director on the boards of Westpac New Zealand, Spark New Zealand, Fisher & Paykel Healthcare and Vulcan Steel. She was previously a senior partner at law firm Russell McVeagh, where she spent over 10 years on the firm's board including acting as the firm's board Chair and interim CEO. Pip brings extensive commercial and board experience to The a2 Milk Company board.
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Ms Kathryn(Kate) Mitchell | Non-Executive Director | Jun 2023 |
Mr Mitchell has governance experience as a director of both private and public companies. She is currently Chair of The New Zealand Merino Company and Link Engine Management and a director of Heartland Group Holdings, FarmRight, and Christchurch International Airport, for which she also serves as Chair of the Risk, Audit & Finance Committee. Prior to moving to New Zealand in 2014, Kates executive career has 20 years in investment banking in London, which included senior leadership roles across several divisions within global investment banks including Deutsche Bank, Goldman Sachs and Merrill Lynch.
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Ms Sandra Yu | Non-Executive Director | Mar 2022 |
Ms Yu is an experienced global executive in consumer goods industries, and in the infant milk formula (IMF) market in China, with a track record of driving business and brand transformation, leveraging opportunities for growth, and building organisational capabilities across China as well as the USA and other parts of Asia. As the former head of Mead Johnson Nutrition's Greater China business. Prior to that, Sandra held various other senior executive roles at Mead Johnson Nutrition, including as the Global Marketing Vice President, responsible for transition to new digital media and e-commerce channels globally. Sandra was also appointed as the nonexecutive chairwoman to lead RB China's advisory board after the merger between Reckitt Benckiser and Mead Johnson Nutrition in 2017. Prior to joining Mead Johnson, Sandra held executive positions at Unilever, where she worked across Asia for thirteen years.
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Mr David Wang | Non-Executive Director | Sep 2022 |
Mr Wang has over 30 years of experience across industrial and consumer goods businesses with expertise in manufacturing and supply chain including 15 years in senior executive leadership roles in China. He is currently the President of Asia Pacific for Buhler AG, a global leader in the provision of industrial solutions, which specialises in integrated plant equipment system and related services for food processing and advanced materials manufacturing. In this role, David has responsibility for nine manufacturing sites, eight research and development centres and overall supply chain operations across the Asia Pacific region including China, Indonesia, Japan, Korea, Malaysia, Philippines Thailand, Vietnam, Australia and New Zealand. Previously, David held various senior executive roles including at Blackstone AVINTIV Inc and Dover Corporation where his responsibilities covered manufacturing, research and development, technology and sales throughout Asia. Earlier in his career, David also worked with PepsiCo for almost 10 years in operations and supply chain.
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Mr Jaron McVicar | Company SecretaryGeneral Counsel | Nov 2016 |
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Jaron McVicar | Company SecretaryGeneral Counsel |
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Top Shareholders Data provided by Morningstar.
Name | Shares | Capital |
---|---|---|
HSBC Custody Nominees (Australia) Limited | 102,193,637 | 14.15% |
J P Morgan Nominees Australia Pty Limited | 42,678,694 | 5.91% |
Citicorp Nominees Pty Limited | 41,070,224 | 5.69% |
Bnp Paribas Nominees NZ Limited Bpss40 | 32,248,620 | 4.47% |
Tea Custodians Limited | 25,502,735 | 3.53% |
HSBC Nominees (New Zealand) Limited | 22,757,500 | 3.15% |
HSBC Nominees (New Zealand) Limited (iii) | 22,307,717 | 3.09% |
Citibank Nominees (Nz) Ltd | 20,759,419 | 2.88% |
Accident Compensation Corporation | 19,790,745 | 2.74% |
JPMORGAN Chase Bank | 19,756,171 | 2.74% |
New Zealand Superannuation Fund Nominees Limited | 15,948,875 | 2.21% |
New Zealand Depository Nominee | 15,850,202 | 2.20% |
National Nominees Limited | 13,975,179 | 1.94% |
Bnp Paribas Noms Pty Ltd | 10,635,729 | 1.47% |
Premier Nominees Limited | 8,734,699 | 1.21% |
HSBC Custody Nominees (Australia) Limited Gsco Eca | 7,146,025 | 0.99% |
JBWERE (Nz) Nominees Limited | 6,784,269 | 0.94% |
Public Trust | 6,316,029 | 0.87% |
HSBC Custody Nominees (Australia) Limited (ii) | 6,000,490 | 0.83% |
Custodial Services Limited | 4,931,622 | 0.68% |