The shares are "interestingly" poised very near the bottom of the recent trading range but a weak Wall St on Friday won't help. Worth Noting that the Bell Potter analyst went on to say that their preferred exposure was Synlait and their price target was $12.65.
I am a firm believer that actions speak louder than words so would simply highlight this "In total, 16 directors and executives sold about 3 million shares" This isn't happening at Synlait is it. Disc: Sold all ATM, topped up Synlait on Firday.
When the directors and senior management cash in roughly $30 million of their shares, you do have to wonder about the merit of holding your own shares.
When the directors and senior management cash in roughly $30 million of their shares, you do have to wonder about the merit of holding your own shares.
Closer to $35m I think and yes I couldn't agree more. Talk is cheap...follow the money...
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
may i remind you that your cut and paste is full of wish ful thinking and that this is the official line
New Zealand officials are largely in the dark as to any possible ramifications for New Zealand companies. "It is important to stress that the details of implementation and the ensuing full implications for New Zealand companies have not yet been released," a spokesman for New Zealand Trade and Enterprise (NZTE) said.
I would imagine A2 would have had enough time to do their own investigation into the regulatory changes and they seem pretty confident, especially Peter Nathan. Dealing with China of course always comes with a certain level of risk.
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