SML - Synlait Milk Ltd

[shareman]

Have to wonder what SML did to annoy A2M that it has got this bad

Egos usually

[Newman]

Copied from Australian Financial Review 2/6/2024:
The a2 Milk Co depends on Synlait for more than 90 per cent of its infant formula. But The a2 Milk Co last year cancelled the exclusive manufacturing rights for most of the group’s infant formula supply and there have been simmering tensions between the two companies. A binding confidential arbitration process is continuing, with an outcome due in November.

[Newman]

DairyNews: https://www.ruralnewsgroup.co.nz/dai...ut-for-synlait
This helped reduce the share price of Synlait, though relying on news media for investment decisions would be wrong.

[nztx]

Interesting article just penned by a Wellington stockbroker on this can of worms

[Bikeguy]

Interesting article just penned by a Wellington stockbroker on this can of worms

What is he saying? Cheers

[percy]

What is he saying? Cheers

go to www.chrislee.co.nz taking stock

[Bikeguy]

go to www.chrislee.co.nz taking stock

Thank you, appreciated

[billkiapi]

still no 10 day notice of the vote. Cutting it fine to get shareholder approvals which are needed, and I imagine the banks won't be keen to give up security so that Bright get some cover for their 130M loan (as opposed to their unsecured underwrite). SP plummeting, bonds going through the roof. Soon they'll have a DNR sign around their neck.

[Toddy]

still no 10 day notice of the vote. Cutting it fine to get shareholder approvals which are needed, and I imagine the banks won't be keen to give up security so that Bright get some cover for their 130M loan (as opposed to their unsecured underwrite). SP plummeting, bonds going through the roof. Soon they'll have a DNR sign around their neck.

Why is this not in a permanent trading halt while it's sorted out.
Surely the terms are fundamentally attached to the ability of SML to trade as a going concern.

Or do the regulators just continue to turn a blind eye until it's too late. Which it already is in my opinion. Wild West right here.

[Lego_Man]

Why is this not in a permanent trading halt while it's sorted out.
Surely the terms are fundamentally attached to the ability of SML to trade as a going concern.

Or do the regulators just continue to turn a blind eye until it's too late. Which it already is in my opinion. Wild West right here.

Lowest yield bid on the bonds is 150%.