A2M Responds to ASX Price Query
Key points
- No undisclosed information affecting stock price
- CLSA downgrade recommendation due to supply delays
- Company confirms compliance with Listing Rules
Full summary
The a2 Milk Company Limited (A2M) responded to an ASX Price Query regarding the recent volatility in its stock price. A2M confirmed there is no undisclosed information that could explain the price movements. The company pointed to a downgrade by CLSA, citing supply delays and external factors, as the likely cause of the price fluctuations. A2M also confirmed compliance with ASX Listing Rules, particularly Rule 3.1, and assured that its responses were authorized by the board.
Guidance
No high-importance, price-sensitive financial metrics mentioned
Outlook
No outlook provided
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