SML - Synlait

[Left Field]

I posted the following on the A2M thread...... relevant here too I suspect....

To possibly answer the confusion and conflict re the A2M and SML I turned to Hotcopper.

Interesting background here;

Source; https://hotcopper.com.au/threads/ann-cancellation-of-synlait-exclusive-supply-rights.7638794/page-14?post_id=70946501

"Correspondence between A2 Milk chief executive David Bortolussi and former Synlait chair John Penno reveals serious tension between them over Penno's interest in a third-party supplier of product tracing technology.

The emails followed Penno's appointment of receivers in January 2022 to Signum Holdings, the parent company of brand protection software company Trust Codes, an important supplier to both milk processor Synlait and its prime customer.. A2 Milk....."

A letter from Bortolussi to Penno...said,  "Any interruption would have a significant adverse impact on a2MC, particularly on our customer experience, counterfeit prevention, recall risk, and channel traceability," said Bortolussi.

The article outlines possible serious conflicts of interests by Penno and serious communication failures to keep A2M informed.

Interesting...

[Hectorplains]

From a report of the AGM: Dairyworks sale is still a priority and they reckon that things are, "well advanced on that" with several interested parties. 

[Minimoke]

From a report of the AGM: Dairyworks sale is still a priority and they reckon that things are, "well advanced on that" with several interested parties. 

Doing nothing for the share price which today is at $1.17. Next stop is all time low of $1.16

[Hectorplains]

Global Dairy Trade auction tonight, expectation is for higher prices as the milk powder recovery continues.   Westpac prediction for is a 2% increase in milk powder price bringing us close to where whole milk powder prices were trading at a year ago and a long way from the lows of August. 

[Minimoke]

Global Dairy Trade auction tonight, expectation is for higher prices as the milk powder recovery continues.   Westpac prediction for is a 2% increase in milk powder price bringing us close to where whole milk powder prices were trading at a year ago and a long way from the lows of August. 

I don't think SML needs any increased costs at the moment

[Basil]

A "whopping" less than 10,000 depth on the buy side.  Its going to be interesting to see the final match process on Friday the 15th when they get B Corp'd, opps sorry, booted out of the NZX50.

I'd put up a bid for 100,000 at 50 cents if I thought they were worth that...I don't.
I've warned for a long time now the culture at this company is very sick.  Very pleased I sold many years ago at just over $10 average.
Any company that's decides it wants to be a B Corp is an instant sell first, (very quickly), and ask questions later.

[Minimoke]

A "whopping" less than 10,000 depth on the buy side.  Its going to be interesting to see the final match process on Friday the 15th when they get B Corp'd, opps sorry, booted out of the NZX50.

I'd put up a bid for 100,000 at 50 cents if I thought they were worth that...I don't.
I've warned for a long time now the culture at this company is very sick.  Very pleased I sold many years ago at just over $10 average.
Any company that's decides it wants to be a B Corp is an instant sell first, (very quickly), and ask questions later.

12 shares now being offered in 2 orders at $1.15. Will one buckle and take the $1.14 on offer? I'm wondering if they will last til the 15th?

BCorp = The Kiss Of Death!

Edit. Those that snooze loose. They only got $1.12 for them.

Edit.
Is today the day we see the train wreck accelerating toward the cliff? Someone now happy to take $1.09 with a $1.06 offer on the other side? (Is that you @basil looking for a sneaky 20,000 at $0.98. Brave. Could get your fingers burnt!

[Basil]

LOL 98 cents is not brave mate, its gross stupidity.

[Henry Filth]

I got into Synlait right at the start in the first two listings.

The shine kinda went off when I got compulsorily bought out of Synlait Farms – I liked the idea of holding both parts of the value chain.

Good for a while, then the New Zealand Dairy Industry started to exhibit all sorts of speed wobbles, and the wheels looked as if they were starting to come off. So I got out of Synlait Milk as well. Even made some money!

It scares me to think of the shambles that the New Zealand Dairy Industry – and not just Synlait – has been over the past decade or so.

H*ll, if New Zealand can't make a go of dairy, then what's left. . .

I really would like to invest in New Zealand agriculture, but there just aren't the listed, liquid, vehicles available to match the scope, size, and scale of the New Zealand agricultural economy.

[Minimoke]

Someone has bailed and someone is brave. 362,827 crossed on close today at $1.076

[Minimoke]

As the day progress and the SP continues to drop I feel a chart is in order. As it may not be long before we have an SP with a $0.?? In front of it.

[Basil]

Bears a startling resemblance to Mt Egmont lol

[winner (n)]

Bears a startling resemblance to Mt Egmont lol

That $10 level looks very good ....esp for those that bailed about then

When did they join the NZX50?

Handful of punters at ASM this week .......far cry from when they got a standing ovation in their hey day

[winner (n)]

Wonder how the trees are going

Synlait native tree programme launched by Rt Hon Jacinda Ardern, Prime Minister of New ZealandYou cannot view this attachment.

[Gerald]

Handful of punters at ASM this week .......far cry from when they got a standing ovation in their hey day

Did you make it winner? I was there and the tour was interesting, lots of milk powder stacked up and shiny stuff. No one could really say why they weren't doing so well, reminds me of the condition some children get - failure to thrive (FTT) where the kid eats all the right stuff and does all the right things and still seems to not make any progress.