-
Originally Posted by Anna Naum
I thought this was underwritten?
Nope, looks like it was not.
-
I see that the Herald item says that Synlait's now aborted issue was to list "its production arm" on the NZX.
I must admit that I hadn't picked up that subtle difference. Shades of Fonterra - type issues here?
Perhaps they were getting a bit too cute and complicated?
-
As I suspected, the float wasn't going to include the dairy farms.
Too much scope here for dudding the production arm at the expense of the farming arm. I'm not surprised now at the lack of support.
http://www.nzherald.co.nz/business/n...ectid=10611475
-
my broker told me it would be years before they paid a dividend, because they wanted to keep building plants.may be we are too dividend driven?
-
Originally Posted by SparkyTheClown
I agree about the concerns regarding bullishness, but Synlait is one worth reading up on.
I will put the same spin as I did on one of the proposed tech IPO's"
'This looks promising'
And by that I don't mean that I will invest, but that it is great that I will have the opportunity to invest in it. I will research at the time to determine if the business is good (which this does appear to be) and whether it is under/over priced.
The irony is that while it is great there are lots of IPO's (opportunitites to invest in new businesses), it also signals that we may be heading into a bubble. Its disappointing this didn't list back in 2009 when there were no IPO's.
-
Originally Posted by SparkyTheClown
I will be reading the prospectus with interest on this one.
It MAY be a good exposure to the (dairy) farming sector which despite it being such a large part of the economy, is hard to get an exposure too.
-
It has been possible to trade Synlait shares through BDO Christchurch.Very few trades last year,although volume did pick up in October and November last year,when there were trades at $1.00
Should Ruth Richardson remain chair I will not consider buying.
-
Originally Posted by SparkyTheClown
She is not Chair, I just read on their website that she is a non-executive independent director. You may be thinking of Jade, the software company, where she is chair.
http://www.synlait.com/about/key-peo...-of-directors/
Graeme Milne is Chairman. Here is the propaganda from the Synlait website.
It is even worse,she is chair of the GOVERNANCE and human resource committee.!!!!!!!!!
-
Member
Bright not participating
Originally Posted by SparkyTheClown
If it's allright, I reserve the right to take up the shares which you won't be applying for :-)
With the announcement that Bright Dairy will not be subscribing to any new shares they are going to be diluted back under 50% and the chances are the company will become majority owned by NZer's again. ( Although Mitsui of Japan will own approx 11% ) so maybe not . Ahh darn it , thought we might put the China-phobes to bed for good on this one !!!
-
Originally Posted by SparkyTheClown
If it's allright, I reserve the right to take up the shares which you won't be applying for :-)
Off course it's allright.!!!
But take care.!!!! lol.
Last edited by percy; 14-05-2013 at 03:07 PM.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks