AUK - AuMake Limited

[greggles]

I reckon AU8 still has a lot further to fall unless the company can turn things around fairly soon. Share price down 6c to 32.5c so far today.

The AU8 share price did fall quite a bit further after that decline back in late February, bottoming out at about 18c in the first half of July.

It recovered a little after the release of the last Quarterly Report on 17 July but took off today after the company announced the execution of a supply agreement with Pure Nutrition Limited to develop an exclusive AuMake owned range of milk powder formula products consisting of A1 & A2 milk powder formula products. The agreement also provides for future extension of the range to organic and goat milk powder formula products.

AuMake's A1 products are scheduled for launch in October/November 2018 with the A2 product range in April/May 2019.

Here's a summary of the agreement:

The AU8 share price finished the day up 23.08% to 32c.

 

[Tyler Durden]

Any info on Pure Nutrition?
And does AU8 have a plan to steal market share from A2M? From my understanding the Chinese will be fairly loyal to A2M unless something major happens

 

[greggles]

Any info on Pure Nutrition?

Only that it's a joint venture between Westland Milk Products, New Zealand’s second biggest dairy cooperative, and Hong Kong-listed Ausnutria Dairy Corporation.

https://www.weeklytimesnow.com.au/a...s/news-story/02c75b3b621a3af9ea704f043399637f

And does AU8 have a plan to steal market share from A2M? From my understanding the Chinese will be fairly loyal to A2M unless something major happens

I think this is their plan. I'm sure the Chinese market is big enough for both of them and I assume that they will be pricing their product at a lower price point than A2M, which is sure to gain them some market share. The details are a little hazy at the moment though.

 

[System]

On December 3rd, 2020, AuMake International Limited changed its name to AuMake Limited.

 

[System]

On December 4th, 2020, AuMake Limited changed its ASX code from AU8 to AUK.

 

[Dona Ferentes]

On December 4th, 2020, AuMake Limited changed its ASX code from AU8 to AUK.

not one I'd touch, MC around $17M, but it seems to coming alive