SML - Synlait Milk Ltd

[Beagle]

Possibly ATM, Lol is the Pope Catholic.PS-Dont own any S thingies.

S Thingies are good mate. Think about it...what other nice words are there that start with S. Safe, steady, secure, stable, sensible, steadfast, serene, sanctuary, this S Stuff is seriously good stuff mate, you know you want too, go on, seize the day and secure your future
In all seriousness though, I do see good strong EPS growth for Synlait in the years ahead and their PE is not expensive. I think they'll be one of the quiet super achievers of the NZX over the next few years.

[Beagle]

Synlait being added to the MSCI small cap index, also THL, RBD and Mercury.

[minimoke]

Synlait being added to the MSCI small cap index, also THL

Looks like I got that trifecta then (along with ATM). Just waiting for portfolio to hit 30% growth this year - should do it this afternoon.

[Beagle]

Looks like I got that trifecta then (along with ATM). Just waiting for portfolio to hit 30% growth this year - should do it this afternoon.

Chris Lee gave Synlait a good write-up yesterday too.

[tzbang]

Excuse my newbyness.. :-( ...but what exactly does being added to the MSCI small cap index entail? How does that affect the stock? (I also have the trifeta but can't celebrate unless I understand the significance).

[Beagle]

Excuse my newbyness.. :-( ...but what exactly does being added to the MSCI small cap index entail? How does that affect the stock? (I also have the trifeta but can't celebrate unless I understand the significance).

Global index tracking funds have to buy in to include in their tracking portfolio's. Its leads to significant buying pressure.
Have a look at the market depth in the last 15 minutes of trading on 31 May 2018 and you'll see what I mean.
SP highly likely, (not certain) to head north between now and close of business on that date.
How likely ? I'm buying more this morning so that speaks for itself in term of my opinion which is based on evidence of what I have observed with the substantial volume of buying on previous index changes.

[Ggcc]

Well this is going up nicely!! Only one million shares being traded

[Beagle]

Well this is going up nicely!! Only one million shares being traded

LOL. Its time for this one to shine. Was around $8.30 in October last year so its not like the horse has bolted...yet !

[sb9]

Well this is going up nicely!! Only one million shares being traded

Here are those big crossings...

1	84	12:37:32 pm	1040	100,000	$1,040,000	Off market
2	83	12:31:54 pm	1040	734,111	$7,634,754	Off market
3	82	12:31:52 pm	1038	5,948	$61,740	Off market

[minimoke]

Here are those big crossings...

1	84	12:37:32 pm	1040	100,000	$1,040,000	Off market
2	83	12:31:54 pm	1040	734,111	$7,634,754	Off market
3	82	12:31:52 pm	1038	5,948	$61,740	Off market

All being well $10.40 should be the floor.