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  1. #12641
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    Quote Originally Posted by RGR367 View Post
    The link you provided is as stale as last year's milk though
    Oops my mistake..... as always DYOR!

  2. #12642
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    Quote Originally Posted by Left field View Post
    TA indicates a possible short term fall back to the gap between $A12.75 and $A13.00 (approx $NZ13.20 to $13.50 ) that may need to get filled before the SP moves higher. See the red line on this pic.

    Attachment 10395

    That said and done the TA is then looking favourable, golden cross and all that. FA also looking good according to Goldman Sachs...So be patient.

    However some think TA is rubbish so DYOR. JMHO.
    Thanks Left Field

  3. #12643
    Legend minimoke's Avatar
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    Interesting that A2M has held up on open given its lost 12% in value in its stake in SML.

  4. #12644
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    Quote Originally Posted by minimoke View Post
    Interesting that A2M has held up on open given its lost 12% in value in its stake in SML.

    But they are getting cheap raw materials from SML.

  5. #12645
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    Quote Originally Posted by minimoke View Post
    Interesting that A2M has held up on open given its lost 12% in value in its stake in SML.
    Yeah, they screwed SML to get more margins on their finished product + there was big increase in finished goods inventory which will be good for A2.

  6. #12646
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    Quote Originally Posted by sb9 View Post
    Yeah, they screwed SML to get more margins on their finished product + there was big increase in finished goods inventory which will be good for A2.
    Seems the new CEO of ATM might be doing a better job than the new CEO of SML.

  7. #12647
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    Quote Originally Posted by minimoke View Post
    Seems the new CEO of ATM might be doing a better job than the new CEO of SML.
    Indeed, todays SML result and the evident 'hard bargaining' by ATM management over margins is a credit to ATM's management team, their 'diary disrupter' model and an endorsement of their 'capital light' v SML's 'capital intensive' model.

    Remember Beagle's thread on which would be the best long term investment, SML or ATM? Maybe today's result gives us a message.

    (Disc holding ATM not SML ....DYOR)

  8. #12648
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    how screwing up SML would add any value to ATM?

    SML should help Nestlé A2 to enter China if ATM is playing around the margin. the key part of SAMR registration is the source of your material.

  9. #12649
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    Quote Originally Posted by nzsharetrade View Post
    how screwing up SML would add any value to ATM?

    SML should help Nestlé A2 to enter China if ATM is playing around the margin. the key part of SAMR registration is the source of your material.
    What makes you think nestle would offer a better margin than A2?

  10. #12650
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    Quote Originally Posted by nzsharetrade View Post
    how screwing up SML would add any value to ATM?

    SML should help Nestlé A2 to enter China if ATM is playing around the margin. the key part of SAMR registration is the source of your material.
    I do hope you never never get to mentor any budding entrepreneurs

  11. #12651
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    Quote Originally Posted by mfd View Post
    What makes you think nestle would offer a better margin than A2?
    i am not saying Nestle will do that and it does not have to be Nestle. it could be anyone SML choose to supply......

  12. #12652
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    Quote Originally Posted by t.rexjr View Post
    I do hope you never never get to mentor any budding entrepreneurs
    Sounds entirely logical to me!


  13. #12653
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    Quote Originally Posted by nzsharetrade View Post
    i am not saying Nestle will do that and it does not have to be Nestle. it could be anyone SML choose to supply......
    Without knowing the details, and please feel free to correct me, my assumption is that A2 are now paying a fair margin to synlait. They may have been paying a higher price before, partially due to smaller volumes and partly to compensate for synlait working so hard to keep up with their volume needs. The fact that margins have reduced does not mean that they are now lower than they should be.

  14. #12654
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    Quote Originally Posted by mfd View Post
    The fact that margins have reduced does not mean that they are now lower than they should be.
    Theyu might be benificial for ATM. But as far as SML is concerned you cant sell product for less than cost of sales. SML's margins are way off where they need to be if they are going to maintain costs.

  15. #12655
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    Quote Originally Posted by minimoke View Post
    Theyu might be benificial for ATM. But as far as SML is concerned you cant sell product for less than cost of sales. SML's margins are way off where they need to be if they are going to maintain costs.
    Yeap. The lack of transparency in terms of Synlait not telling the market about the terms of this new contract has blindsided minority SML shareholders and explains why a major gap has opened up between the relative share prices of these two companies in recent months. Some major shareholders were obviously "in the know"
    John Penno was a great CEO but as with ATM we now get an unknown quantity with a whole lot to prove... but we do get lovely pink colours and heaps of slides and details about diversity programs...its just absolutely marvellous, that's exactly what I have been hankering for all these years (sarcasm intended).

    I think both ATM and SML are very fully priced and an awful lot of future growth is already priced in but in all sincerity I wish the best of luck to shareholders of both companies.
    Last edited by Beagle; 20-03-2019 at 01:15 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  16. #12656
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    Quote Originally Posted by minimoke View Post
    Seems the new CEO of ATM might be doing a better job than the new CEO of SML.
    Actually - they announced the milk price agreement betwen these two companies in early July 2018. At this stage it was still John Penno running Synlait - and Jane started from memory only after this announcement as well her new job (but yes, in July as well).

    Blame the old management ...
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

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  18. #12658
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  19. #12659
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    Quote Originally Posted by BlackPeter View Post
    Actually - they announced the milk price agreement betwen these two companies in early July 2018. At this stage it was still John Penno running Synlait - and Jane started from memory only after this announcement as well her new job (but yes, in July as well).

    Blame the old management ...
    Thanks for the correction.

  20. #12660
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    After watching the webcast of Synlait's presentation by CEO and CFO y'day, there are lot subtle hints that were a giveaway which point to a boomer of SH 2019 for A2, both on better margins which we all know by now and expected increase in canned IF sales.

    In other words, its an indirect trading upgrade for A2.

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