SML - Synlait Milk Ltd

[winner69]

What a shocker - Leon has packed a sad and leaving

And Synlait falling into the A2 trap of bring back the previous CEO as a caretaker. A directionless painful period coming up for Synlait I reckon

[Balance]

What a shocker - Leon has packed a sad and leaving

And Synlait falling into the A2 trap of bring back the previous CEO as a caretaker. A directionless painful period coming up for Synlait I reckon

http://nzx-prod-s7fsd7f98s.s3-websit...467/343966.pdf

Glory days are over.

What do they say about ‘when things are tough, the tough gets going but the soft goes!’

[Quantitative Easing]

Under Leon Clement Synlait has been very inclement. Glad i sold out at $11.

[winner69]

Leon was just unlucky in his few short years at Synlait

Going to see if he's luckier elsewhere I suppose

[BlackPeter]

What a shocker - Leon has packed a sad and leaving

And Synlait falling into the A2 trap of bring back the previous CEO as a caretaker. A directionless painful period coming up for Synlait I reckon

http://nzx-prod-s7fsd7f98s.s3-websit...467/343966.pdf

I think you meant to use this link: https://www.nzx.com/announcements/370464

... or did you wanted to imply that they washed him away?

On a second thought: this hand sanitizer might come handy to clean out the company after Leon's departure ... though I doubt it will help to remove all the pink colour.

Jeez - just imagine repainting all these trucks and buildings in some more successful colour ... this might be costly.

[BlackPeter]

Leons achievements ... ???

SML.JPG

Sad. Did Leon really start in September 2018? This was when the SML SP reached all time Highs well above $12 Now the same share trades around $3.50.

They say it takes normally 5 years for a CEO to change a companies fortunes. The direct correlation with CEO tenure and SP drop in this case is frightening - i.e. either Leon was very effective and fast or very unlucky.

I am sure it is just an unfortunate coincidence and bad luck.

[winner69]

Leons achievements ... ???

SML.JPG

Sad. Did Leon really start in September 2018? This was when the SML SP reached all time Highs well above $12 Now the same share trades around $3.50.

They say it takes normally 5 years for a CEO to change a companies fortunes. The direct correlation with CEO tenure and SP drop in this case is frightening - i.e. either Leon was very effective and fast or very unlucky.

I am sure it is just an unfortunate coincidence and bad luck.

Nice chart Peter

When Leon started Synlaits market cay was $2.1 billion - no wonder there was a standing ovation at the ASM a few months later

Today market cap is $0.75 billion

How unlucky can one get

[silverblizzard888]

Nice chart Peter

When Leon started Synlaits market cay was $2.1 billion - no wonder there was a standing ovation at the ASM a few months later

Today market cap is $0.75 billion

How unlucky can one get

You could call it unlucky or the lack of prudence on his decision making on how capital was used. There were a few acquisitions that never really brought the company forward at all, changes that could be highlighted in 'pink' that seemed to distract the focus of the company and when they hit a rough patch it was merely like pulling a loose thread.

[Scrunch]

Something doesn't smell right. 3 weeks notice to leave a position like CEO is very short. Its also very strange to provide an outgoing CEO list of achievementsas a public notice. I wonder how much regret there really was in accepting his resignation.

[winner69]

...and only a few weeks after the 'Director of Operations' resigned as well