SML - Synlait Milk Ltd

[iceman]

Here is an article on the same subject of the announcement....

https://www.ruralnewsgroup.co.nz/rur...nF0a0mAD0q25w0


Whats the saying....Nero fiddles while Rome burns??

- Major disagreement with your major customer and large shareholder.
- Share price at a record low
- Bonds are trading at 37.4%
- Going to make another significant loss.
- Heavily in debt, with agreements expiring at the end of the month
- Struggling to sell a major asset that you probably paid too much for
- Needing more pink paint

But get on TV for a talk fest with Nestle about reducing emissions.

What have I missed??

Omni-cluster......

That sums it up nicely

[Muse]

Here is an article on the same subject of the announcement....

https://www.ruralnewsgroup.co.nz/rur...nF0a0mAD0q25w0


Whats the saying....Nero fiddles while Rome burns??

- Major disagreement with your major customer and large shareholder.
- Share price at a record low
- Bonds are trading at 37.4%
- Going to make another significant loss.
- Heavily in debt, with agreements expiring at the end of the month
- Struggling to sell a major asset that you probably paid too much for
- Needing more pink paint

But get on TV for a talk fest with Nestle about reducing emissions.

What have I missed??

Omni-cluster......

You forgot its Bcorp! So no worries then

[blackcap]

That sums it up nicely

The last thing Synlait need to focus on is reducing emissions. That goal should come last. There are more pressing matters. Talk about corporate nonsense.

[Sideshow Bob]

The last thing Synlait need to focus on is reducing emissions. That goal should come last. There are more pressing matters. Talk about corporate nonsense.

If not financially sustainable, then nothing else matters.....

[Toddy]

Everyone on the TV interview looked pretty relaxed.

I thought to myself, I should buy some shares as everything is obviously sorted.

What was I expecting. A tired looking CEO who has worked themselves into the ground trying to save the company.

[Bikeguy]

I’m in the red on this company so I’m not laughing however it is a very intriguing situation now, I am genuinely interested at what is going to play out come results day because regardless of looming payment due dates, crashing share price etc these guys are not panicking, no fire sales, no scrambling ( obvious scrambling anyway)

[Sideshow Bob]

Everyone on the TV interview looked pretty relaxed.

I thought to myself, I should buy some shares as everything is obviously sorted.

What was I expecting. A tired looking CEO who has worked themselves into the ground trying to save the company.

I thought exactly the same thing….

Continuous disclosure??

[Nor]

Should have been a red flag to sell when they bought the cheese factory. But easy to be wise in hindsight.

[Lego_Man]

I thought exactly the same thing….

Continuous disclosure??

The bonds are starting to look tantalising value providing an annualised return easily north of 30% to maturity - assuming no disasters!

[limmy]

Fully agree.