Well, the graph clearly conveys that the future is in shades of pink ... ;):
Not sure though, whether this is good or not :confused::
Printable View
I'll get in first
Synlait's current predicament is nothing to do with ESG stuff (as it seems to be called)
Without that stuff Synlait doesn't really have a future
On a second thought ... I noticed the first and the last page of the chair and CEO review are grey, not pink.
http://nzx-prod-s7fsd7f98s.s3-websit...837/343220.pdf
Just hope they won't change to "Shades of Grey" ... won't they?
Not a pretty picture:
Attachment 12397
though - the good thing is HY21 NPAT is - while minute - still positive. Sounds like they are not that sure about the second HY ...
and talking about not so pretty pictures ... I guess red would be appropriate for the cashflow chart, but pink? Really?
Attachment 12398
Good news is - their net debt dropped slightly from $525m to $485m. These capital raises do really work, don't they?
And obviously talking to banks ...just in case
While all banking covenant ratios were met during HY21, Synlait has proactively engaged with its banking syndicate to increase its leverage ratios to manage any risk at the end of FY21. The company’s FY21 business plan is fully funded by its current banking syndicate.