SML - Synlait Milk Ltd

**McGinty** · 01-03-2018, 10:13 AM

Originally Posted by hardt

Not sure if this recent jolt upwards is in anticipation for SML results after what formula sales were for A2...

Or if it is just retailers over reaction to the selldown and business as usual announcement.

SM1 is under accumulation on the ASX (check out the volume the last week), this is overflowing onto the NZX after the ASX opens.
A nice continuation breakout occured this week following a 4 month base and a shakeout last week (A2 results and Fonterra announcement). So momentum is now returning

**JoeGrogan** · 01-03-2018, 10:14 AM

Originally Posted by hardt

Not sure if this recent jolt upwards is in anticipation for SML results after what formula sales were for A2...

Or if it is just retailers over reaction to the selldown and business as usual announcement.

Must be anticipation, on a forward PE of 18 yesterday before its jolt, surely quite conservative with the expected growth. Especially when compared to the rest of the sector.

Also the chart shows strong accumulation over the past few months so maybe the sellers finally dried up? i note the SM1 chart on the asx broke through to a record high while staying above zero on the TMF indicator, which is a strong sign of a breakout looming. Be interesting to see what happens today on the asx

**sb9** · 01-03-2018, 10:39 AM

Originally Posted by McGinty

SM1 is under accumulation on the ASX (check out the volume the last week), this is overflowing onto the NZX after the ASX opens.
A nice continuation breakout occured this week following a 4 month base and a shakeout last week (A2 results and Fonterra announcement). So momentum is now returning

Agree totally, its the ASX volume demand that pushed the price higher. For ex, y'day the volume on ASX was 580K+ shares compared to about 180K+ shares on NZX.

**whome** · 01-03-2018, 11:56 AM

Originally Posted by Nasi Goreng

His comments are in line with the knee jerk reaction the market had. It was only when you got to sit back and think, how does this really effect SML? and then you realise it doesn't. SML have a massive growth agenda and ATM's deal with Fonterra doesn't get in the way of that.

So yes, you do wonder if these guys have the time to read these reports and consider the big picture or do they form opinions in 5 minutes.

Spot on, Nasi

**King1212** · 02-03-2018, 11:45 AM

it seems like this train is no stopping at all...keep growing and good news keep coming....

2 weeks to the results. We might see the sp like ATM...pop during the result day.

Good luck all the holders..!!

**NZSilver** · 12-03-2018, 12:27 PM

Yep I have bought a parcel pre results - everything is pointing to some tidy numbers and it moving into 8+

**sb9** · 12-03-2018, 01:41 PM

Originally Posted by NZSilver

Yep I have bought a parcel pre results - everything is pointing to some tidy numbers and it moving into 8+

Should start to move up between now and early next week as it inches closer to the results date....may be $9 with bit of luck??

**King1212** · 12-03-2018, 09:18 PM

Originally Posted by sb9

Should start to move up between now and early next week as it inches closer to the results date....may be $9 with bit of luck??

I reconk it will hit $10....after the result. As a lot of good news and growth into the company....but anyway..let see..less than 6 days trading. Hopefully the CDFA from AKara brand and USA one have an update...good luck all the holders!