This is the bit "The functionality of Synlait's first nutritional spray dryer at Pokeno has also been expanded as a result of forecast customer demand………and the capacity has increased to 45,000 metric tonnes (MT) from an initial 40,000 MT"
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This is the bit "The functionality of Synlait's first nutritional spray dryer at Pokeno has also been expanded as a result of forecast customer demand………and the capacity has increased to 45,000 metric tonnes (MT) from an initial 40,000 MT"
Wow - That 0800 ADD VALUE is priceless.
The front cover and back cover of the last results report caught the eye and was clever also ie. In big Bold print.. TO: DATE (front page) and TO:BE CONTINUED (back page). Indicates, they are on a strategic path and are confident of the future..
That phone number is gold - it is shoving it under the competitors nose, especially as Fonterra are under the gun from NZ First and also a little from farmers. Been a bit of scrutiny of late in the Farmers Weekly:
https://issuu.com/farmersweeklynz/do...68707/62169149 (Pages 4 & 5)
https://issuu.com/farmersweeklynz/do...68707/61932637 (Pages 18-20)
However having said that, a lot easier to be nimble when much much smaller than Fonterra, not a coop, not under the gun for anything wrong with the dairy industry, not having to give new entrants/competitors milk etc. Can easily get small amounts into niche markets - Fonterra might be doing well but when probably 10-20x bigger than any NZ competitors, hard to match and always going to be more reliant on commodity trade. Compare them to Tatua - ouch, but completely other end of the spectrum.
I would suggest 0800 ADD VALUE is rubbing their nose right in it lol
A bit surprised to see zero interest from the market at the moment. no trades since 10:00am
Market comes to life at 12:00 when the Australians wake up - perhaps they haven't read the news yet.
Well news just in courtesy of HC.
Bell Potter revised their tp up to A$ 11.70 from previous A$ 10.80 with buy rating.
That’s about NZ$ 12.60 based current fx cross rate.
Their revision was prompted from SML’s announcement re their Pokeno plant production details.
Synlait names ex-Fonterra executive Leon Clement as CEO...
https://www.nbr.co.nz/article/synlai...-ceo-jr-216538
ex Fonterra does not full me with confidence.
Working at Fonterra since 2002, Fonterra wasn't always an underperformer and has come a long way since... then this fella jumps ship to the next 5bn+ dairy giant.