SML - Synlait Milk Ltd

[BlackPeter]

But the answer is revealed later

Full marks for creativity in producing this graphic

Well, the graph clearly conveys that the future is in shades of pink ... :

Not sure though, whether this is good or not :

[winner69]

I'll get in first

Synlait's current predicament is nothing to do with ESG stuff (as it seems to be called)

Without that stuff Synlait doesn't really have a future

[BlackPeter]

Well, the graph clearly conveys that the future is in shades of pink ... :

Not sure though, whether this is good or not :

On a second thought ... I noticed the first and the last page of the chair and CEO review are grey, not pink.

http://nzx-prod-s7fsd7f98s.s3-websit...837/343220.pdf

Just hope they won't change to "Shades of Grey" ... won't they?

[BlackPeter]

Not a pretty picture:

SML_NPAT.JPG


though - the good thing is HY21 NPAT is - while minute - still positive. Sounds like they are not that sure about the second HY ...

[winner69]

Not a pretty picture:

SML_NPAT.JPG


though - the good thing is HY21 NPAT is - while minute - still positive. Sounds like they are not that sure about the second HY ...

Will need some creativity to make the H2 LOSS look pretty

Negative amounts with positives never seem to work on a column chart

[BlackPeter]

and talking about not so pretty pictures ... I guess red would be appropriate for the cashflow chart, but pink? Really?

SML-Cashflow.JPG

[winner69]

and talking about not so pretty pictures ... I guess red would be appropriate for the cashflow chart, but pink? Really?

SML-Cashflow.JPG

And company values are generally calculated on DCFs ....where does one start ....hmmm

[BlackPeter]

Good news is - their net debt dropped slightly from $525m to $485m. These capital raises do really work, don't they?

[Sideshow Bob]

Good news is - their net debt dropped slightly from $525m to $485m. These capital raises do really work, don't they?

Raised $200m, debt down by $40m.

Beautiful.......

[winner69]

Raised $200m, debt down by $40m.

Beautiful.......

And obviously talking to banks ...just in case

While all banking covenant ratios were met during HY21, Synlait has proactively engaged with its banking syndicate to increase its leverage ratios to manage any risk at the end of FY21. The company’s FY21 business plan is fully funded by its current banking syndicate.