SML - Synlait Milk Ltd

[Baa_Baa]

Is it good news?
More like not bad news
It only grants the right to appeal. It doesn't comment on the possibility of the appeals success, other than considering that it wont waste the Courts time, so in a very minor sense I guess its a nod. But... could still well fail.

In the Meantime until mid-2020 when the Supreme Court Hearing happens and makes its judgement, it looks like a prudent decision to just get on with business and process all that milk at Pokeno. Get the China certifications and build the supply side.

It would have been idiotic and poor decision making to have just stopped everything after the appeal court ruling just in case it didn’t work out.

Too many folk here have hoped for a train wreck when in actual fact it appears Synlait have taken a prudent path just getting on with the business.

All the nonsense about pink fonts, diversity etc just diminishes the otherwise stellar reputations of the detractors who grasp at every straw trying to detract from the good management decisions.

Egg on faces.

In any event, it will be many months until we know the outcome of the court hearings on the covenants. Meanwhile its business As usual and little space for the non holding detractors to exercise their lessening influence.

Clearly the market already knows that in as much as the share price has debunked the outspoken naysayers.

[Beagle]

Only time will tell if management are complete idiots with Pokeno or their legal team knew their stuff. Far, far to early to start the crowing as though some victory is already assured and that's just about as arrogant as Synlait's approach with Pokeno itself Yeah, run the factory, get all the approvals and sign up all the farmers and effectively play Russian Roulette with shareholders money with three bullets in the gun. What a marvelously prudent way to manage risk.

Some companies put themselves into a position where they could easily derail and that could easily have happened today. Far to early to start the bleating like a lamb lost from its mother about other people's posts. If they finally win their day in the Supreme court you can have your little victory dance if that's what rings your bells, and not before.

If Synlait are smart this won't see the light of day in the Supreme court appeal and they will settle this thing out of court.

[winner69]

Synlait Chair up firvChairperson of the Year at Deloittes big annual event soon

[BlackPeter]

In the Meantime until mid-2020 when the Supreme Court Hearing happens and makes its judgement, it looks like a prudent decision to just get on with business and process all that milk at Pokeno. Get the China certifications and build the supply side.

It would have been idiotic and poor decision making to have just stopped everything after the appeal court ruling just in case it didn’t work out.

Too many folk here have hoped for a train wreck when in actual fact it appears Synlait have taken a prudent path just getting on with the business.

All the nonsense about pink fonts, diversity etc just diminishes the otherwise stellar reputations of the detractors who grasp at every straw trying to detract from the good management decisions.

Egg on faces.

In any event, it will be many months until we know the outcome of the court hearings on the covenants. Meanwhile its business As usual and little space for the non holding detractors to exercise their lessening influence.

Clearly the market already knows that in as much as the share price has debunked the outspoken naysayers.

A very unbalanced post. And the egg you would love to dish out has not yet left the pan ...

SML management took an absolutely unnecessary risk. And sure - the company might at the end well end up being lucky, though we don't know yet. However - bragging before the final judgement call is as dumb as drinking and driving without safety belt and bragging half way home that anybody warning not to drink and drive must be stupid.

If they survive a dumb decision due to sheer luck, it does not mean that they made a good decision, doesn't it?

Any indication so far they learned from taking unnecessary risks?

[Beagle]

Continuing with your analogy BP, I think its clear some people on here post at night when they're drunk and aggressive, (hopefully not half way through a journey in their car).

[dreamcatcher]

Hahahaha ...............the Musketeers should read posts on another forum where another non holder has been raging for some time.

Must have been drunk 10.05pm "play Russian Roulette with shareholders money with three bullets in the gun"

Nice to see BP your post been so balanced eh ........"A very unbalanced post. And the egg you would love to dish out has not yet left the pan"

[Beagle]

Wasn't drunk and I stand by my reference to Synlait's gung-ho approach to risk "management".

[BlackPeter]

Hahahaha ...............the Musketeers should read posts on another forum where another non holder has been raging for some time.

Must have been drunk 10.05pm "play Russian Roulette with shareholders money with three bullets in the gun"

Nice to see BP your post been so balanced eh ........"A very unbalanced post. And the egg you would love to dish out has not yet left the pan"

Oops - I didn't notice that you consider this thread as the Synlait cheer club. Anybody who does not agree with you girls seems to be unwelcome?

Markets only work if there is a diversity of views, and so do these forums. I feel sorry for you that you and Baa don't seem to be able to take that.

Ah yes ... and it was Baa dishing out the egg, not me ;

[Beagle]

Interesting for the first time in quite a while there's some volume going through today and it would appear notwithstanding yesterday's decision by the Supreme court there's plenty of volume available at $9.40. Many months of journey before we see if the train gets derailed.

[petty]

Good to see some senior managers taking positions!