SML - Synlait Milk Ltd

[Toddy]

3m shares on the offer at 70 that never got matched at close.

[Bikeguy]

3m shares on the offer at 70 that never got matched at close.

Wonder if they will surface again today…?

[Bikeguy]

No CR? No asset sales?
SML have to have done a deal with their ( new?) bankers??

[Sideshow Bob]

No CR? No asset sales?
SML have to have done a deal with their ( new?) bankers??

Half year results have been delayed until after Easter, which is after their banking arrangements have expired.

However if they have renewed, then definitely expect it to be announced under continuous disclosure rules......

[Bikeguy]

Half year results have been delayed until after Easter, which is after their banking arrangements have expired.

However if they have renewed, then definitely expect it to be announced under continuous disclosure rules......

You would think wouldn’t you?
Get the feeling it’s all going to land on reporting day somehow…

[Mr Slothbear]

Half year results have been delayed until after Easter, which is after their banking arrangements have expired.

However if they have renewed, then definitely expect it to be announced under continuous disclosure rules......

david bortulossi just waiting for that late night call at Easter

[billkiapi]

david bortulossi just waiting for that late night call at Easter

so true- the Synlait board has let this dispute play out, which seems to be inflated ego from Synlait towards their biggest customer A2M. My mum used to say don't bite the hand that feeds you, and Synlait should have reflected on that. It sounds like a toxic situation, driven by an uncontrolled aggressor inside Synlait. I hope the class action lawyers turn their attention on this and not on A2M. What a waste of value. Something like 700 mill lost in the last year.

[Bikeguy]

It’s their absolute nonchalance that has me intrigued, they have gone out of their way to keep the market in the dark…I may be very wrong but feel they have this sorted.

[billkiapi]

If they have it sorted, they really should tell the market. Anyone selling at low prices could miss out on SP gains if they withheld information…

[Bikeguy]

If they have it sorted, they really should tell the market. Anyone selling at low prices could miss out on SP gains if they withheld information…

I agree, they should disclose…but I think it will be a case of it just “magically “ happened around results time…
The big boys would have been reacting with some decent sell liquidity by now if SML were going to default,
Either way only another week till cards are laid out in the table,