SML - Synlait Milk Ltd

[billkiapi]

That Chris Lee article sums it up- childish governance driven by a vainglorious founder is what I take from that. No wonder A2M has tried to extract itself- what don’t we know yet?

[Newman]

Business Desk asks if George Adams in Synlait's new chair. I'm sure he's smart enough to be aware of director litigation risk, esp after Manziel decision. Why he'd want to increase exposure in December is lost on me- unless he knows something we don't (which is a more serious problem for the Synlait board). I hope they all get sued for this value descrutction

People need jobs, and George Adams's litigation risk is probably quite low because troubles occurred before becoming a director in March 2024.

[Sideshow Bob]

Looks like might close the week under 60c......

[billkiapi]

Made it to 0.57… what a disaster.

[Rawz]

https://www.farmersweekly.co.nz/news...waikato-sites/

Fonterra closing some plants. Getting ready to pick up some Pokeno assets??

[whatsup]

Made it to 0.57… what a disaster.

.54 and falling atm.

[billkiapi]

0.51 - when do banks put this dog out of its misery

[Lego_Man]

Equity and bonds tanking...the latter now 66-67c on the dollar.

[Ggcc]

0.51 - when do banks put this dog out of its misery

When they reach a deal for ATM buy out all individual shareholders and work together with Bright Dairy at a fraction of the cost. Maybe just walk in when receivers come in.

[Newman]

When they reach a deal for ATM buy out all individual shareholders and work together with Bright Dairy at a fraction of the cost. Maybe just walk in when receivers come in.

That is an unlikely outcome for a simple reason: Bright Dairy spent ca. $200 m for its 39% shareholding, and none of its directors dares to sell its shares to anyone at a huge loss. ATM cannot buy out individual shareholders only.