Appears as if the ‘margin squeeze’ wasn’t as disasterous as the initial reaction from suggested. Some guy on another forum crunched some numbers and reckons that IF GM/Mt is down only 1.25%. Maybe A2 didn’t screw them as much as some made out.

Synlait might be pretty good at prettying up their presentations but I think they could improve a lot in presenting financial data in a more understanding way. Numbers they put in are all over the place and they should preempt what punters see as ‘issues’ and explain these.