SML - Synlait Milk Ltd

[Ggcc]

Market update FYI. See it here.

Disc - I followed Geoff in last time and have done so again...got out last time with healthy gains... now in again and a bit over exposed to dairy but WTH!

Great how companies are putting all these policies in place. Who Is policing this especially the including at home bit.

• introduced daily declarations as a prerequisite for anyone entering our sites. This includes confirming health and travel status and that physical distancing practices are always adhered to, including at home;

[sb9]

Couple of medium parcels (100k, 195k) and another large parcel (1.5ml) of shares were crossed at 7.32 a piece, somethings's in play??

[dreamcatcher]

Couple of medium parcels (100k, 195k) and another large parcel (1.5ml) of shares were crossed at 7.32 a piece, somethings's in play??

Probably NZ/Aus dollar

[Leftfield]

Couple of medium parcels (100k, 195k) and another large parcel (1.5ml) of shares were crossed at 7.32 a piece, somethings's in play??

FWIW the High Court Appeal hearing was set for 29/30 April...... possible settlement in the wind?
Given these Covid times, will the hearing even go ahead? Time will tell.

[dreamcatcher]

FWIW the High Court Appeal hearing was set for 29/30 April...... possible settlement in the wind?
Given these Covid times, will the hearing even go ahead? Time will tell.

I believe the objective was to slow SML build down which clearly didn't work. Danone and Yashili joining forces across the road would have welcomed the stoppage. SML has been a painful hold but winning court case would imo open the door to accepting long term contract at Pokeno.

May even be the key for their SAMR applications which is only waiting on site approval.

[alex f]

It’s the Supreme Court isn’t it?. First was High, then Appeal, now Supreme.
How long roughly will the judgement take to come out?
What happens if they lose?

[Leftfield]

It’s the Supreme Court isn’t it?. First was High, then Appeal, now Supreme.
How long roughly will the judgement take to come out?
What happens if they lose?

Ooop's yes Supreme Court, but sorry can't answer your other Q's.

[Leftfield]

Supply Manager buying a few on the market..... a small vote of confidence.

[sb9]

Supply Manager buying a few on the market..... a small vote of confidence.

Agree, nice little vote of confidence. From today's release, the supreme court hearing is delayed until 3rd and 4th June as expected due to covid scenario.

[Sideshow Bob]

https://www.nzx.com/announcements/352063

Date delayed for the Supreme Court announcement.