SML - Synlait

[Cod]

Spat between A2M and SYN sorted, A2M to support cap raise and pay SYN 24.5 million in "Backpay" - a third of SYN market cap, hummmm

[Left Field]

Here's the full details for those interested..... a win-win IMO

https://www.nzx.com/announcements/436290

Financial bonus for SML as well.......

"The parties have agreed to resolve the various pricing and other disputes between them with a2MC to make a one-off payment to Synlait of NZ$24.75 million. This payment largely comprises amounts that had been withheld in accordance with the terms of the NPMSA from payment pending resolution of matters in dispute."

"a2MC's decision to support Synlait's recapitalisation plan reflects the strategic importance to a2MC of the continued stability of production at Synlait's Dunsandel manufacturing site."

[Minimoke]

For the purposes of transparency i have bought back into SML

[Basil]

Legal disputes over and ATM supporting the capital raise.
Lot of acrimony now over...maybe this is a game changer for SML ?  Certainly the $24.75m will help SML a LOT as will retaining ATM's business going forward.  Really good to see these two parties have resolved their differences.  Turning point for SML ?
Disc: I also bought back in today in a small way and stand ready to write a cheque for what is hopefully a pro-rata capital raise.
Hopefully onward and upward from here.

[Basil]

No it won't be the same SML but at the current sp everything but Armageddon is already built in so a lot of potential upside, it hit a low of 20c when it was a coin toss whether it would survive or not. Convince me its not good buying at current levels.

I think it is now its been considerably derisked.  It seems clear to me Bright and ATM will support and probably also underwrite the capital raise.

[lorraina]

For the purposes of transparency i have bought back into SML

So you are not alone I have joined you..!!...lol
First time back in since the IPO.

[BlackPeter]

count me in, though - all these gurus agreeing can't be good, can it?

[Minimoke]

I think it is now its been considerably derisked.  It seems clear to me Bright and ATM will support and probably also underwrite the capital raise.

Agree. Lot of risk no gone. Bond holders will be very happy. Looks like Balance sheet will be fixed. Stil got profit making assets like dairy works that can be flogged off.  Just need to deal to the dead weight that is Pokeno.

[Basil]

Agree. Lot of risk no gone. Bond holders will be very happy. Looks like Balance sheet will be fixed. Stil got profit making assets like dairy works that can be flogged off.  Just need to deal to the dead weight that is Pokeno.

I'm happy for Balance.
LOL BP, we don't know the future eh but what could possibly go wrong now 

[Cod]

Whatever happened to the "International New Client" (Nestle) for Pokeno did they ever get that of the ground or is it still lingeriing in the background.
Asset value SML 600 million - Market cap 65.57 million at 0.35c - seems like it might have room to run.

[Minimoke]

I'm happy for Balance.
LOL BP, we don't know the future eh but what could possibly go wrong now 

We cant predict the future. But we can make a best guess on all currently available information.

We now have a lot more information at hand so decisions can be better informed.

Still a lot to go wrong. Pokeno for one. They really need to get that cranking.

But famers will be happier knowing there is a much better chance they will get paid.

[allfromacell]

Wow never seen so much agreement, better follow with a tiny gamble.

I sold 1400 shares of Synlait in March of 2019 for around $14k, today I bought them back for $500...

[Minimoke]

Wow never seen so much agreement, better follow with a tiny gamble.

I sold 1400 shares of Synlait in March of 2019 for around $14k, today I bought them back for $500...

Much less of a gamble today than it was over the prior few month.

[allfromacell]

Much less of a gamble today than it was over the prior few month.

That's true! SML, you can't have too many 

[Breezy]

I'm happy for Balance.
LOL BP, we don't know the future eh but what could possibly go wrong now 

Minds all coming together, must be as good as Mothers Milk.