SML - Synlait

[Minimoke]

Chill, Minimoke.

You sound almost panicky at the prospect of SML doing a turnaround and delivering a ten bagger. Why so?

Wait for the CR details.

I'm chill as.

Given, in fact, Synlait cannot even manage one month out there is zero possibility of a turnaround delivering a ten bagger. Zero!

Edit to add ... under the current ownership / management.

And I  was thinking we would have to wait for the CR details. But no. SML never fail to disappoint. They couldn't even wait for then before releasing another down grade. Gee. Stil a lot of water to go under the bridge before the CR details come out.

[SemiStrongForm]

Chill, Minimoke.

Nothing like telling somebody to chill after being the aggressor!

[Teitei]

Poor form having a go at a poster rather than the posts. I have already explained where I was. I'm not posting my travel in intimate detail just to satisfy some vague conspiracy you have rattling around in your head.

Eh?

Pointing out your inconsistencies is attacking you?

Giving you an opportunity to clarify is attacking you?

Ok then.

[Teitei]

I'm chill as.

Given, in fact, Synlait cannot even manage one month out there is zero possibility of a turnaround delivering a ten bagger. Zero!

Edit to add ... under the current ownership / management.

And I  was thinking we would have to wait for the CR details. But no. SML never fail to disappoint. They couldn't even wait for then before releasing another down grade. Gee. Stil a lot of water to go under the bridge before the CR details come out.

Can sense you frothing around your mouth!

Why so?

[Minimoke]

Eh?

Pointing out your inconsistencies is attacking you?

Giving you an opportunity to clarify is attacking you?

Ok then.

For all my faults being inconsistent about Synlait, I wouldn't have thought is one of them.

And here was me thinking I had done a pretty good job explaining my position in each of my posts. I didnt figure I needed any other opportunity.

Sorry - I feel zero obligation to clarify my personal movements to you just to satisfy some imaginary thing you seem now somewhat obsessed with

[Minimoke]

Can sense you frothing around your mouth!

Why so?

Why the focus on a poster and not the content of the posts. Gee - I've arrived back to a very weird place.

[Teitei]

Why the focus on a poster and not the content of the posts. Gee - I've arrived back to a very weird place.

You never left, figuratively speaking.

Keeping quiet is not leaving.

[Breezy]

Market not too worried about the latest update, bit of panic first thing and now the depth chart has well, deepened up on the bid side again.

[Teitei]

Market not too worried about the latest update, bit of panic first thing and now the depth chart has well deepened up on the bid side again.

Market realises it is all about the recapitalisation for now. 

As you posted before, profitability will become the focus once SML's financial position is stabilised and real majority ownership is established.

[KW]

Edit. I've now had a chance to catch up on SP's. You are factually wrong. SP closed 27 June at $0.225. Closed 1 July (after Brights announcement) at $0.225 So there was no reversal in SP. 2 July closed still at $0.225 - still no reversal. 3 July closed at $0.23. (wow - up $0.005!!!!) From then a gradual daily increase until 10 July, day before Vote and A2 announcement at $0.26. Really not a stellar rebound. Closed to a new high on 12 July at $0.335. And its been back downhill since.

Quite likely the bounce was short sellers closing out their positions post vote.  Taking their profits and running.  

[Buzz]

Quite likely the bounce was short sellers closing out their positions post vote.  Taking their profits and running. 

Why would you think that? Short selling in NZ is behind the scenes, IF you can find someone to lend you shares. SM1 on the ASX has been 0% short since Jan 2023 and the highest it got to in past three years was 0.8%.

[Breezy]

Quite likely the bounce was short sellers closing out their positions post vote.  Taking their profits and running. 

Highly unlikely with this stock, it was most likely a relief rally based on the fact that the company wasn't going to the wall. Price seems to be stabilizing higher than before the vote even with today's bad update so not a sign of shorts doing their thing.

[Basil]

Great having Minimoke back arguing with Balance.  Not the same here without you two going at it hammer and tongs...great entertainment value that's for sure!

For mine, withdrawal of guidance today, so soon after issuing it is indeed, unprecedented on the NZX to the best of my knowledge and is an absolute bloody disgrace.  It's clear the directors and management are running around the ship like headless chooks, desperately rearranging the deck chairs as best they can and praying on a stack of bibles that the very small rudders on the good ship Synlait AKA Titanic, are effective enough to avoid hitting any nearby icebergs.  Even if by some miracle, they manage to avoid hitting any of the icebergs, is there a captain that knows how to steer the ship going forward, that's the $64,000 question.

[KW]

Why would you think that? Short selling in NZ is behind the scenes, IF you can find someone to lend you shares. SM1 on the ASX has been 0% short since Jan 2023 and the highest it got to in past three years was 0.8%.

The lending fee for Synlait is currently 8.01%.  Pretty easy money if you are sitting on a block of shares.

[Buzz]

I don't understand but am interested to know what you mean. You said:

"Quite likely the bounce was short sellers closing out their positions post vote.  Taking their profits and running."

And then in reply to my question, you answered:

The lending fee for Synlait is currently 8.01%.  Pretty easy money if you are sitting on a block of shares.

How are these related - like what does "lending fee" have to do with short selling (borrow shares, sell them, buy them back lower), how would this work to short-sell SML, and make a profit post-the loan being approved?

thanks