Aldi's Presence Makes a Return to Duopoly-Like Margins Unlikely
The Australian grocery industry continues to evolve and everyday dry groceries are likely to become even more commoditised. Aldi re-established the...
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Financial Forensic - Part I
In this report, we identify financial forensics as an indispensable part of the short-seller's tool-kit. Specifically, we examine the role that a...
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A2M:ASX A Simple Metric to Support a High-Conviction Investment Decision
Edgware has said since December last year that A2M:ASX was a new type of blue chip company with organic earnings power that will see its earnings...
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A2M Guidance Confirms Infant Formula Regulatory Clouds Clearing in China
The modest A2M FY16 upgrade this morning to revenue of NZ$350-360m and operating EBITDA of NZ$52-54m remains light on new operating detail. While...
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A2M:ASX Retail Investors Offer Institutions Gift Entry Price
Edgware notes are generally too wordy. We will try being concise for once. The market is just plain wrong on A2M. (Not a claim to make...
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