Synlait to float before Xmas. http://www.stuff.co.nz/business/mark...-to-raise-150m
Oooh this sounds interesting,and a niche player. We really need the dairy industry in the market.
Article says First NZ to float and prospectus out on Monday. Only want cica $150m so doubtful if there will be a public float I guess
Interesting float. Will have to do some due diligence on it.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
Now here's an IPO I could be interested in - not a Private Equity cow that's been milked dry. (I couldn't believe the numbers of posters who got sucked into the Myers float - hopefully they've learnt their lesson, albeit the hard way.)
The interesting thing will be to see how many get sucked into katmandu,even after watching the results of the Myer float.
SML - Synlait Milk Ltd
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