How close to the Synlait Pokeno factory to the one Megniu has an interest in?
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How close to the Synlait Pokeno factory to the one Megniu has an interest in?
no support today , looks like today is the breakdown barring some magic from the fed tomorrow to rally a2. not surprised really the other day was a perfect short opp megnui big competition along with nestle now and soon westland milk will be doing a2 into china i reckon so competition is inevitable when market is so juicy.
Yashili is next door at Pokeno.
Interesting the nexus between Mengnui & Danone. Mengnui is China's largest dairy company, owned by COFCO and Danone (9.9%). Yashili is owned 51% by Mengnui and 25% by Danone. Danone also has its plant inland from Balclutha & canning at Airport Oaks.
Long time till the next drinks break (AKA good news event). Singles day in November, then half year result in February 2020.
In the meantime I suppose shareholders can look forward to Ms Herdlicka selling down her stake.
Looks to me as though a great number have already beaten her to the panic button.