$1.05 bid , albeit in tiny size.
$1.20 offer , decent size
Printable View
There really is a lot of nonsense going on here. A bid for 1000 @$1.05 and 1500 @1.00. Punters with $1005 and $1575 to spend! Not worth the brokerage. There really is no liquidity on Unlisted. I would have expected substantial investor interest in a dairy farm much more attainable than syndication.
I realised after I had used $1.05 for both "bids"--I really was flattering the second punters wealth! However you will persist in glossing the issue on trades. As recorded in the -Synlait to float-thread you have acknowledged the initial 60,000 trade was questionable (as indeed I suspect the current bids) so we would be lucky if there has been much over $150,000 in trades. With over 40m shares on issue the trades are less than 0.5%.I doubt that would be a flattering uptake or succesful float for investors in Synlait Milk!
Agree. No liquidity to get in and every worse, will there be any liquidity to get out.
In theory, this should be a well traded share giving us city slickers easy access to a farm investment without having to lock up $50k + in a syndicate.
If it did have good liquidity, there should be no reason why a few other groups of farms couldn't combine to list as well, giving the punters options.
Nice gentle rise in GDT Auction last night , NZD weak ... great combination for dairy industry.
Just looking at the current "IPredict" market for the Fonterra payout for 13/14 and 14/15 seasons. Very interesting and pretty bullish !!
2013/14 - min $7.00 payout : 90%
2013/14 - more than $7.25 : 50%
2013/14 - more than $7.50 : 28.9%
2014/15 - min $7.00 payout : 64.6%
2014/15 - more than $7.50 : 47.5%
2014/15 - more than $8.00 : 14.8%
Yes ... from trading on a "spreadsheet" basis thru Polson Higgs and BDO Spicers a few months ago the value of my investment in Synlait is up $740,000 inside 4 months thanks to being traded in a more public forum and the company split.
Assumes $1.25 SNLF and $2.20 SML
GDT Auction tomorrow night at GMT1200. Next one 2nd August ... then calving will begin and the 13/14 season will be off and away!