Going along very nicely. Really ramped up production the last few months, they went on a big recruitment drive before Christmas, putting on new shifts. Seem to have gone up a gear or two.
Printable View
Yep, $5000000 in shares traded today normal $20000 -$80000.
I expect we may see SSH notice soon.
My forecast for the year end is NPAT 26-30 million , outperform would be be 30-32 mill. Share price 3.80 4.20
Note the lack of commenting on this thread over the last few weeks and the strong buying up to today. the pros know but they don't want to share. This is one of my horses for the share comp too.
Really keen to know who's buying large.
Certainly a good result (though not unexpected for anybody following the company). I would however suggest that the "pros" bought either in at lower prices (below $2.50) or are waiting for the next dip. It is not normally a good strategy to buy immediately after a positive announcement ... and while SML earns money (which is good) is it as well still a growth company (not paying dividends) and therefore more exposed to the ups and downs of the share market.
More likely than not that the hype will fade at some stage again ... and I am as well sure, that both the milk market as well as the Asian markets are still good for some bad news to come. The pros prefer to buy after a bad news;)
http://viewer.zmags.com/publication/...a3#/182c1aa3/5
Farmers Weekly Article re Synlait
Lots of heavy downward pressure on Synlait recently. Has slid from $3.66 to $3.26 in just over a week. Previous it seemed to track where A2 goes.. but now A2 is on the way up, SML on the way down.. any ideas?
could be .. there has been some murmurs that Synlait might need investment to expand canning facilities next year due to the boom in A2 infant formula sales
1 1 9:03:37 am 322 228,948 $737,213 Put Through Special Crossing
Something's up, may be due for an announcement from them soon....
http://www.nbr.co.nz/subscribe/191386 Chinese demand for infant formula surges.
Formula exports to China up almost 50% compared with the same period last year with NZ market share rising to 12% from 8% in 2015.
Fake domestic product scares have put a surging demand on authentic brands from NZ, Ireland and Netherlands, specifically A2 Milk to
help feed the five million babies born in China last year.
5 million babies? The figure is closer to 20 Million babies born annually in PRC as far as I can see.... I think it was predicted that an additional 5 million babies would be born as a result of the 2 child policy. Im getting a bit nervous that a2 wont be able to keep up with demand again shortly - I hope they have another processor lined up (on top of Synlaits impending expansion), as well as a waiting list of farmers to supply said processors. I cant even think how additional a2 products / territories will affect this tight rope!
The 2 year SML chart is looking very good at the moment. The 1st year being a very well defined down trend with lots of lower lows each time finding resistance at the 100 day moving avg, the trend now is up and finding support at the 100 day MA. It looks like it will make new highs soon.