SML - Synlait Milk Ltd

[kiwico]

What’s more of a concern is the RB is involving itself in non central bank issues

Little different from what RBNZ did when looking at the practice of life insures and their agents, i.e. nothing do with solvency standards or the financial strength of an insurer. I have heard the current RBNZ governor referred to as the "Donald Trump" of reserve bank governors., i.e. everything is done his way not matter what has been done before.

[winner69]

Little different from what RBNZ did when looking at the practice of life insures and their agents, i.e. nothing do with solvency standards or the financial strength of an insurer. I have heard the current RBNZ governor referred to as the "Donald Trump" of reserve bank governors., i.e. everything is done his way not matter what has been done before.

Adrian is bigger than Donald ... he's Tane Mahuta

He's a danger to our country ....peoplewill make up when he needs to agressively raise rates to get out of the mess he's causing

[nzsharetrade]

Is there anyone still holding this pathetic one? SML senior management can not play what ATM management did.

[peat]

Is there anyone still holding this pathetic one? SML senior management can not play what ATM management did.

Being a volatility play I didnt want to bail out completely, so I still hold as 8% of my equity holdings
it is actually in an uptrend again (since Feb)
I agree it has disappointed but medium-long term view still promises growth.

[Beagle]

Good luck Peat. Pretty clear in terms of the ATM-SML relationship who is in the drivers seat.
The new guy's (ex Fonterror and there's some "quality" credentials for you) absolute dedication to all things inclusiveness of the LGBTQ community and all things Environment is very "impressive".
A casual observer could easily be forgiven for thinking these are the two primary objectives of the company...

[sb9]

Synlait, SML/SM1 present at Macquarie conf today.

[pg0220]

Good luck Peat. Pretty clear in terms of the ATM-SML relationship who is in the drivers seat.
The new guy's (ex Fonterror and there's some "quality" credentials for you) absolute dedication to all things inclusiveness of the LGBTQ community and all things Environment is very "impressive".
A casual observer could easily be forgiven for thinking these are the two primary objectives of the company...

ATM's report is dedicated to showing their growth strategy and maximising profitability. SML's report wasn't much different a few years ago when I bought in. Happy to have taken profits from SML and moved to ATM's hands.

[peat]

definitely agree I got this one wrong in considering SML the better of the two to own (well at least in the short term)
I havent been wrong to continue to hold some though, the price has held up pretty well since the drop following the announcement. theres still that ATM takeover bid to hang out for.
havent read their latest presentation yet.

[nzsharetrade]

Well, i guess it depends on individual. ATM is better for trader

[Leftfield]

definitely agree I got this one wrong in considering SML the better of the two to own (well at least in the short term)
I havent been wrong to continue to hold some though, the price has held up pretty well since the drop following the announcement. theres still that ATM takeover bid to hang out for. havent read their latest presentation yet.

Maybe you should read ATM's presentation. ATM prides itself with being, "Capital Smart" (page 4) which means if you are holding out for a SML takeover by ATM, you are likely to be disappointed.

Ask yourself where ATM's huge cash hoard would be better invested, and the answer is not buying capital plant which ATM already effectively controls via their strategic shareholding stake. Just saying.