28, The a2 Milk Episode. & Capital Gains Tax on Shares?
As New Zealand's largest listed company by market capitalisation and perhaps the best performing stock in the history of the NZX it is always big news when a2 Milk reports its earnings. This week the company reported its interim results for the half year ended December 2018. Revenue grew over 40% and the company reported a net profit of over $150 million. In this episode, I do a deep dive on a2's results and discuss their strengths, potential risks and the valuation.
The other big news during the week was the results of the tax working group. I cut through the media hype and discuss what this could mean specifically related to the taxation of capital gains on shares.
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