Thanks mate. I enjoyed that :)
Printable View
Anyone notice that it closed at AU$8.76 on the ASX...? Up almost 5%.... Something up or did someone press the wrong button...?
It seems the knife has stopped falling on Synlait and the SP has started trending up. The 4th most picked stock in the competition this year, I've already got enough from catching the knife but for those who have don't like buying in downtrends now might be a good time to get in?
Technically, the 100 day moving average has been a really good indicator for a few years. It bounced off it in the last down trend 2015 and many times on its way up through 2018. It’s still below that so if it goes above say $10.30?? It might be a good buy signal.
If you like SML long term then you can buy at any time, I’ve held for about 4 years through the ups and downs of the sp. During that time they have loaded up their existing plant and executed their business plan really well. This has enabled them to grow cash, reduce debt and to invest again which is really exciting.
Long term happy shareholder.
Good stuff - Synlait Milk's registration of its Dunsandel plant in the South Island has been renewed by Chinese authorities for another four years. http://nzh.tw/12188945
Nice to see SML hitting $9.58 today. Onwards and upwards again.
Yes finally some upwards movement. Onwards and upwards!
On a different note, I know that the USA tariffs on china and v.v will have an influence on synlait, but how and why will it do so?
Cheers,
sl
Two more cents we can do this $10 thing come on haha. Just then it turned $10 per share