No doubt that brings a lot of comfort for shareholders who have seen a couple of bucks shaved off the share price in the last couple of days.
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Jarden's analysts have access to company visits, I do not. I'll leave it to others to judge who called this one right. This is certainly not the first time I have noticed the share price move materially ON STRONG VOLUME , just before a price sensitive announcement. Its very safe to say there are more leaks than a sieve so that's yet another blow to management credibility at least in my eyes.
Jarden's subsequently adjusted fair value down after this most recent announcement...for what its worth and I think that's very little, they are somewhere in the late $7 range as a 12 month price target now. How they can value it at that with the unknown of the Supreme court case is anyone's guess ? Maybe they are ingratiating themselves to company management and the board in the hope of lining themselves up to manage the massive fully underwritten rights issue when it all goes pear shaped so they can make millions in underwriting fees ?
Beagle - share price less than half what it was a while ago
A 50% discount makes it really really cheap
If diversity, inclusiveness and sustainability are very high on Synlait’s priorities the page on their website showing the senior leadership team is a bad look ....a team of 11 ..all very Caucasian looking and 2 females (quality and legal)
There’s been studies done that improving gender mix (ie more female) often improves overall competency with the displacement of mediocre men.
Maybe that next on the agenda for Synlait.
Way more important than Pokeno eh
https://www.synlait.com/people/ Trouble is you study this too much. With pink its all about appearance and this photo presents the image they want you to see. You're not meant to scratch beneath the surface and read the detail lol. Nice balance of 50/50 male female apart from Leon who heads the table but we know LOVES PINK, say no more...
Ruth Richarson and that Bill Roest as directors. Oh my goodness, no wonder this company is such a "winner"
There’s more to PINK than that beagle
Remember recent ASM when shareholder gave the Board etc a standing ovation for such an amazing result and then Leon went on to say:
“Pink is the colour of disruption and difference. Our new wordmark is friendly and more appropriate for a company working with flowing milk. We think together they work really well to tell the world who we are.”
....and Chris Lee once said Synlait deserves to be of the first chapters in a book of ‘Great NZ Corporate Successes’
From where it’s come from Spose it still deserves to be included.
They won't even make $60m this year, you read it from me first. I don't fancy their chances at the Supreme Court either. This would have been settled already if the other party didn't think they had a bullet proof case.