![]() While John Eales led the Wallabies to victory, Cook was engrossed in a conversation with Howard Paterson, a Dunedin farmer turned businessman who made his fortune in dairy and eggs. The loss hurt, but what Cook didn't realise was that he had been part of a conversation that would transform his life, his wealth and his business empire forever. ![]() And given much of A2's growth is linked to China, the risk of that is high. Australian investors have watched the ASX shares soar from 85¢ in 2015 to $10.36 on Friday, but with the stock trading on a price-earnings multiple of 31 times, any divergence from strong earnings growth will be punished. ![]() So am I surprised by the success? I am surprised at how fast it has come, but not that it has come."įrom Monday morning, Jayne Hrdlicka takes the reins of A2 and the former Jetstar chief has a tough job. But all the time we knew we had a product that was premium, was high margin, and had a definite point of difference in the health space. Peter Nathan, A2's straight-talking Asia Pacific CEO, and the man who has driven A2's push into China and the infant formula market, is more blunt about the success. "I saw the potential in it, that's why I hunted down Cliff to get involved in the first place, but A2 has surpassed all our dreams." "The funny thing is, from the time I met Cliff, he always said this was going to be a multibillion-dollar business," he says. "Not bad for a company that Fonterra tried to kill, and more than once," laughs Cook, the former chairman and NZ Rich Lister who bought A2 on the brink of insolvency.īabidge, who on Friday stepped down as chief executive of A2 after a decade at the helm, recalls the sense of achievement. From listing on the ASX to becoming one of the top 100 companies in Australia had taken a little over two. The company had risen from the outer reaches of the New Zealand Stock Exchange's second board to become the country's biggest company in under five years. Geoff Babidge, Cliff Cook and Peter Nathan, the masterminds of The A2 Milk Company. A2's value had also topped Fonterra and, by nature of its dual listing, the company had firmly entrenched itself within the ASX100. It marks the announcement of A2's strategic partnership with Fonterra, the giant New Zealand co-operative that is responsible for almost a third of the world's total dairy exports.Ī2's share price jumped 25 per cent on the news, making it New Zealand's biggest listed company, with a market capitalisation of $NZ8.5 billion ($7.8 billion). If Cliff Cook, Geoff Babidge and Peter Nathan could pick just one, then February 21 of this year is a stand out. There have been many astonishing days in the history of The A2 Milk Company.
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