SML - Synlait Milk Ltd

[Getty]

Dog who chases tail have acne, too much SeBum...

[BlackPeter]

this part of announcement The resulting impact of the above on Synlait’s manufacturing recoveries, which sees infant formula base powder production dropping significantly as outputs and inventory levels reset to a new outlook. ......

means ....

we will have lots of staff hanging around doing nothing until things pick up.

I recon cows won't stop to produce milk and somebody will need to turn this milk into something more durable like milk powder, unless they are just spilling milk (maybe we need to give ECAN a heads up?).

More likely they just need a larger storage hall or they might need to reduce their margins to keep selling the stuff?

[BlackPeter]

Attachment 12361 Maybe not that long a road. Simply extrapolating that chart out sees them down to below $1.68 later this year

The former Paper Tiger would tell you to use logarithmic axes. Now we know why ;

[Nor]

No worries, Leon will find heaps of worthwhile things to do, (remember people and planet are just as important as profit). What could possibly go wrong with such a rich ESG culture
For a start they could totally reinvigorate their cultural awareness programs, could hold a week long seminar on cultural awareness for every single different nationality they have working for them, that would keep them busy for a while. Then they could bring in Te Reo experts and spend a few months getting all staff to speak Te Reo all the time....but that's not all, after that they could have months of tree planting programs, clean-up programs for the riverside all along the Waikato river. Plenty of "worthwhile" projects to keep them busy well into FY24 when they might eventually get accreditation for their own brand of milk.

Yeah I hear you Getty...finding quality companies that are well managed and governed, have decent prospects and are on sensible metrics on the NZX is not getting any easier ! Might have to expand my repertoire and get into shorting stocks, plenty of flea and mange ridden mutts on the NZX that's for sure and this one is a prime example !

Painting is a good way to occupy staff. Pink is a good colour.

[Getty]

I recon cows won't stop to produce milk and somebody will need to turn this milk into something more durable like milk powder, unless they are just spilling milk (maybe we need to give ECAN a heads up?).

More likely they just need a larger storage hall or they might need to reduce their margins to keep selling the stuff?

LARGER storage hall?

Oh no, shades of the NZ Wool Board, Meat board, and to a lesser extent, Comvita, all over again.

The cost of storage, and carry cost, your customers know you have it, and need to get rid of it, one year turns into 2, then 3, use by dates loom, discounts prevail...

Much better to cash it up as you go, or cut production.

If your supplier agreements dont allow this, then you are not a cash cow...

[Sideshow Bob]

Bottomed out (for now) at $3.35, and climbing back to $3.60.

Only 23 days to wait until their result......

[Marilyn Munroe]

You may recall Agriculture Minister Damien O'Connor making comments about relations with the Chinese Communist Party which were criticized for kow towing and as unwelcome criticism of the way the underarm bowler government were dealing with them.

Damien as guardian of the agriculture sector was being astute in his comments. He knew the history of bad management in the agricultural processing sector was likely to reoccur. He was mindful we relied on Chinese Communist Party controlled entities to rescue Silver Fern Farms and Westland Dairy and wanted to keep them sweet.

Boop boop de do
Marilyn

[Getty]

Good bloke that Damien.

There is no way the gaggle of painters will be painting the SML sheds pink, under his watch.

[bull....]

You may recall Agriculture Minister Damien O'Connor making comments about relations with the Chinese Communist Party which were criticized for kow towing and as unwelcome criticism of the way the underarm bowler government were dealing with them.

Damien as guardian of the agriculture sector was being astute in his comments. He knew the history of bad management in the agricultural processing sector was likely to reoccur. He was mindful we relied on Chinese Communist Party controlled entities to rescue Silver Fern Farms and Westland Dairy and wanted to keep them sweet.

Boop boop de do
Marilyn

its part of the stealth takeover of NZ agriculture , sml may well be rescued by china one day when a2 masters take there contract to there facility

[BlackPeter]

The former Paper Tiger would tell you to use logarithmic axes. Now we know why ;

Actually, I withdraw and apologize : Must have been bored and drew up the logarithmic price chart for SML to take my medicine. Whatever it is supposed to convey - it clearly looks more terrifying than the linear chart

SML log.JPG