Not in bad company though - Geoff Babidge sold some recently - think it was in the $3's....
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Can’t wait until it opens at $11 on the ASX
Well I would say one the ASX opens it will push higher again... but then again no one can predict the future accurately. However if we look soley at PEs which I think misses several key points; value this at 40PE @ 28c EPS 18 = $1120NZD, but could potentially move to a PE of 60 @ 28c EPS 18 = $1680NZD, now everyone will curse me but i had a valuation of 9.20 before results and $10 after....
Wow, I bet my pet dog that there wouldn't be this much of an increase and he quickly barked it off. Now I can treat him to a nice meal or two!
The agreement with Fonterra is for wet milk products and an Australian facility to further product mix in NEW Markets.
The booming powders contract is still in tact with Synlait... some misunderstanding on that front given SML is down 7%!!!
Might be time to buy SML given the monstrous growth required to facilitate A2's half.