Business
A2 insiders picked good time to sell – The Australian Financial Review
With the company heavily reliant on the daigou market, sales by A2 Milk insiders late last month turned out to be rather prudent.
With the FY20 financial year behind them, a swag of A2 Milk insiders thought it worth selling stock. In some cases, rather savagely.
With the company heavily reliant on the daigou, it turns out this was rather prudent. Australia’s COVID-19 travel restrictions have put a dramatic end to that trade from Australian supermarkets into the Chinese market, jeopardising a third of A2’s yearly revenues.
None of this is entirely unexpected and was flagged by A2 earlier this month. But an profit warning …
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