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03-08-2018, 01:18 PM
#1381
Originally Posted by Beagle
They wouldn't be paying that much if they didn't see significant value even at that price, so yes its great news.
Its a cracker of news, they're now second largest holder after Bright Dairy and together both own more than 50% of Synlait. One can draw one's own conclusions as to what the future direction is for both A2 and SML.
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03-08-2018, 01:42 PM
#1382
Originally Posted by Beagle
They wouldn't be paying that much if they didn't see significant value even at that price, so yes its great news.
Great news alright, now in A2s interest to make sure Synlait prospers, so no chance they take their orders elsewhere . Either that or they going for a takeover.
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03-08-2018, 02:41 PM
#1383
Originally Posted by ratkin
Great news alright, now in A2s interest to make sure Synlait prospers, so no chance they take their orders elsewhere . Either that or they going for a takeover.
17.39% owned by A2...... They must have been buying on market as well leading up to the announcement. Unless I have missed something
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03-08-2018, 02:56 PM
#1384
Originally Posted by ratkin
Great news alright, now in A2s interest to make sure Synlait prospers, so no chance they take their orders elsewhere . Either that or they going for a takeover.
I think this goes both ways and solidifies the partnership. There could be a risk of A2 choosing another dairy factory to produce infant formula. Similarly, an equal risk of SML taking all that a2 milk and producing a2 milk formula for a competitor down the track.
Will there be a merger of sorts or buy out from a2 in a few years? I would say right now that a2 can't afford to splash out $1B+ for a dairy company without hurting their cash position so it makes sense that they have no further plans at this stage to acquire any more.
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03-08-2018, 02:58 PM
#1385
Originally Posted by Ggcc
17.39% owned by A2...... They must have been buying on market as well leading up to the announcement. Unless I have missed something
Already had heaps from last year
Then bought 1.7m shares in April on market
And the Mitsui ones today
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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03-08-2018, 03:03 PM
#1386
Originally Posted by winner69
Already had heaps from last year
Then bought 1.7m shares in April on market
And the Mitsui ones today
Thanks that’s appreciated
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03-08-2018, 03:38 PM
#1387
Originally Posted by winner69
Already had heaps from last year
Then bought 1.7m shares in April on market
And the Mitsui ones today
http://nzx-prod-s7fsd7f98s.s3-websit...685/283836.pdf
Contract contains interesting price escalation clause. I think we can take ATM's last sentence, that they're not interested in acquiring more, with a grain of salt.
Last edited by Beagle; 03-08-2018 at 03:39 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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03-08-2018, 03:55 PM
#1388
Originally Posted by Beagle
sure, they’re not going to announce it but that escalation clause means that if they do - before March 2019, and the price is higher then they’ll have to pay more to Mitsubishi?
For clarity, nothing I say is advice....
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03-08-2018, 04:03 PM
#1389
Originally Posted by Beagle
Contract contains interesting price escalation clause. I think we can take ATM's last sentence, that they're not interested in acquiring more, with a grain of salt.
That last sentence can probably read " A2MC has not further plans to further increase its shareholding in SML until after March 2019 after which time we should have a bit more loot in our coffers to pay for it".
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03-08-2018, 04:07 PM
#1390
Originally Posted by minimoke
That last sentence can probably read " A2MC has not further plans to further increase its shareholding in SML until after March 2019 after which time we should have a bit more loot in our coffers to pay for it".
Someone hand that man a beer.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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