SML - Synlait Milk Ltd

[peat]

Holly cow....could not imagine for those that paid $13 above recently..just couple weeks ago....

I'm not too worried, though I have reduced my average price recently. todays sell off obviously not fantastic but one must expect volatility.
it helps to know the business model is solid and the company is growing so that current PE will reduce to more acceptable levels as the expansion continues. its not just the profits of the past you're buying its the skill to grow continually.
I just loved the way that when Ebert went under and Synlait said they had no relationship with them, that shows good management skills to me.

[Beagle]

Switched out of my remaining holding in ATM today and into this for about 15 cps less. Lower PE ratio here by a considerable margin and hard assets that can be used to produce all sorts of dairy products if ATM stops being flavor of the month. Less risk through a more diversified portfolio of clients but still has upside potential from ATM. 4.5% portfolio position, might add a little more if the market keeps having a tantrum.

[winner69]

Holly cow....could not imagine for those that paid $13 above recently..just couple weeks ago....

Did the much vaunted Jayne work out $10.90 for Synlait was a good price

[Beagle]

Did the much vaunted Jayne work out $10.90 for Synlait was a good price

You would hope that was a board decision seeing as she was / is the new kid on the block

[minimoke]

Did the much vaunted Jayne work out $10.90 for Synlait was a good price

As much as we might like to see her hung, drawn and quartered (or even just a good ducking in a pond) I dont think we can blame her for that.

[steveb]

It's all about timing ATM took the position about a month before Jayne sold ATM down the river,Had they known they were going to be stabbed in the back I don't think any shares would have been purchased full stop.

[minimoke]

It's all about timing ATM took the position about a month before Jayne sold ATM down the river,Had they known they were going to be stabbed in the back I don't think any shares would have been purchased full stop.

While they don't travel in perfect unison ATM and SML do seem to travel together. Something Jayne may not have known. If she did then she is also responsible for a fair chunk of SML's capital erosion as well as a consequence of her share sale.

[couta1]

Okay this thing has now become the Dog share of the week, it's making A2 look good by comparison.Lol.

[minimoke]

Okay this thing has now become the Dog share of the week, it's making A2 look good by comparison.Lol.

I'm not sure why it is getting smashed so hard. Maybe some inside knowledge on China?

[Bobdn]

Just learning more about this stock. i assume, from a diversification point of view it wouldn't be sensible to own both ATM and SML as they are part of the same sector? Would be sort of like buying BP and Royal Dutch Shell. Looking to buy ATM or SML but not both.