From Head of Manufacturing to Acting Director of Manufacturing to Director of Manufacturing in a few years
This guy going places
http://nzx-prod-s7fsd7f98s.s3-websit...765/399701.pdf
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From Head of Manufacturing to Acting Director of Manufacturing to Director of Manufacturing in a few years
This guy going places
http://nzx-prod-s7fsd7f98s.s3-websit...765/399701.pdf
could be a blood bath for the stock if my thinking around a2 sales is true
SML likely to hurt a fair bit from reduced demand, at least with A2 the reduction is supported by a low milk price meaning higher margins, but since SML more or less clip the ticket then their margins stay the same but a reduction in demand means they earn a lot less in general. China's birth rate is heading towards just above 7 million, which is a far cry from around 9 million last year and 16 million 7 years ago.
No announcement on debt restructuring or asset sales, not a good sign for the current business outlook with so much uncertainty.
Customer S will see things right eh
Pretty poor comms from the company. Maybe nothing good to report .....
Tough climate for SML. High debt, slowing sales...
Fonterra also reducing their forecast this morning. $7.00 mid-point down to $6.75. How many billion out of the economy is that??
Last year at YE they had $233m of inventory. Year before was $271m as at 31st of July. Decent haircut coming on any inventory instore......
A2 update this morning suggests that they have excess inventory from stock building/timing of inventory from Synlait which A2 will need to clear- with reduction in milk solids price, and if A2 has stock on hand, this doesn't bode well for Synlait. No short positions available I guess.....