SML - Synlait Milk Ltd

[BlackPeter]

Well at least that removes a chunk of uncertainty. While I always assumed the issue would be resolved, there was always that doubt of 'what if it isn't?'. I Imagine other investors (or potential investors) would have held a similar view. Good to have this sorted, so that we can move on.

I do agree.

And - while I am still not sure I like the current flavour of management, I did buy this morning a small parcel for my agricultural portfolio (and as well as entry ticket for the oncoming AGM). At purchase price they should be reasonable value, even if the promised growth does not materialize.

At a $5.50 SP they are in my books with a forward PE of 11.1 and (based on analyst forecasts) a forward earnings CAGR of 14.3%.
Hey - this makes a PEG of 0.78! Not too bad :

[Beagle]

I do agree.

And - while I am still not sure I like the current flavour of management, I did buy this morning a small parcel for my agricultural portfolio (and as well as entry ticket for the oncoming AGM). At purchase price they should be reasonable value, even if the promised growth does not materialize.

At a $5.50 SP they are in my books with a forward PE of 11.1 and (based on analyst forecasts) a forward earnings CAGR of 14.3%.
Hey - this makes a PEG of 0.78! Not too bad :

Better brush up on your Te Reo and wear pink to the annual meeting Me, I don't invest in companies run by Muppets at any price.

[kiora]

At last, they can move on with their plans now...

https://www.nzx.com/announcements/362766

Synlait settles Pokeno land covenant legal dispute

Disc: Not a holder anymore..

Why would this be confidential?
Why isn't it out in the open?
Who benefits from confidentiality clause?
My preference is not to invest in companies that do not have full disclosure

[peat]

the mere fact that such a risk could be allowed to happen is indicative of something I dont want to be part of. Sure , we might not know all the facts , but if they dont want us to think like this they need to explain themselves. With money , being prudent comes first

[Beagle]

the mere fact that such a risk could be allowed to happen is indicative of something I dont want to be part of. Sure , we might not know all the facts , but if they dont want us to think like this they need to explain themselves. With money , being prudent comes first

I put it to you and others that the culture on concealment in Synlait runs deep. Small shareholders are treated as just a necessary evil and a nuisance.

[winner69]

The plot thickens

TRADING HALT

Share price up close to 20% since mid last week ...all Pokeno related?

[BigBob]

The plot thickens

TRADING HALT

It's probably just a change in the colour of the corporate font... 😀

[sb9]

The plot thickens

TRADING HALT

Most likely cap raise imo, but things are surely moving fast in Synlait's world over past few days..

[JohnnyTheHorse]

The plot thickens

TRADING HALT

Could be a takeover offer given the risks around covenants is sorted?

Or could be a major product recall... or a capital raising as the settlement actually was material?

Place your bets...

[couta1]

Could be a takeover offer given the risks around covenants is sorted?

Or could be a major product recall... or a capital raising as the settlement actually was material?

Place your bets...

Scary bet.