Aware of those industry trends, however quite comfortable with SML's position.
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6 days to FY results. Will there be more surprise coming up? Any guess?
So trading halt and no trade for entitlement. Is this some sort of confidence that they have? Any comment on the release?
so you are really Jarred D W69 :cool::t_up:
No, I just read his weekly broadsheet.
He deserves a box around the ears though for not clarifying that cash is an option to buy something cheaper in the future, if it's in a confirmed uptrend, otherwise he's just buying a set of steak knives isn't he?
It can also be used to buy something dearer in the future too, (see rider above re trend).
You can quote me on that in your next weekly
Oh it's Synlait thread
Pleased to see G Milne is dropping Genesis board seat to put more time into this growth company
OK - good results (but as expected and previously announced ...) and another cap rise (not previously announced, but somewhat expected as well). Looking into the expansion plans ... they start talking about a second site (which is in my view highly sensible, but not paid by this cap rise).
They expect 2017 to be similar to 2016 (which might indicate even a drop in EPS due to the increased number of shares). They say 2018 should be good (new investment will bring some return ... and hopefully no turbulence in the milk market) - this might be a good time to announce the next cap rise to fund the second site?"
In my view - SML is a good company and will continue to grow, but it is a long term play. No dividends at the horizon.
It will be a long time until they announce the next spectacular result (2018 if the stars are aligned)?
Discl: not holding at current, but watching. IMHO worthwhile buying if & when the price is right (not now ...).
BP,
Thank you commentary.
I too watch them,but have not been tempted to buy back in.[yet]
What the timeline for the rights? Too lazy to go to po.box and see if post arrived