Which is going to make it a bit harder for farmers to decide to go with SML or Fonterra with their A2 supply. I reckon SML with their values and track record will be more appealing.
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Fonterror's track record truly is shocking and abysmal. A complete no brainer decision if you ask me.
... and don't forget that any supplier to Fonterror must hold their shares, binding up a lot of capital they certainly could use better otherwise (like improve their farm or buy Synlait shares instead). Synlait suppiers are not required to hold Synlait shares (though they may and probably want to :);
Why would anybody want to supply milk to the Fonterror monster if they don't have to ...
Just a reminder that ATM has 31m shares in SML. So when SML goes up so does ATM. Thanks SML - thats added another $31m to ATM's value over the last couple of months.
Probably not the right thread ... but valueing shares for CGT would be one of smallest problems :); Just pick the closing price at the day.
Try to value instead any unlisted business or property or piece of art or stamp collection ... Thats' where the fun would come in ;);
A2 did buy their first 8% odd at just over $3
Folks bored over at ATM. Now powering up SML. Good to see it at $10.20. Onwards and upwards