CLV - Company Profile, page-56

Nu mega main competitors are mainly in Europe including BASF SE, Royal DSM.

I see a lot of potential in a long growth runway but don’t expect anything like global dominance of clover unless they set up a base in Europe. Location matters in its industry.

A2 v nestle? I don’t think it’s a doom event for a2 at all but don’t want to write an essay about it, from what’s chinese label vs English label, respective pricing for them, to Chinese mum’s panaroid comparison among the IFs and more... short term sp headwinds for sure and I have taken plenty profit for the first time since first holding a2 at 80c. Did that after HY reporting only because it’s too big % of my book and there seem to be opportunities to buy more back at lower prices, but I am not selling out of my core position just yet. Need to see further development.