SML - Synlait Milk Ltd

[FarmerHamilton]

352 ... result due any day now . Amazing !!

[zigzag]

352 ... result due any day now . Amazing !!

You've got to wonder if the share price has run too hard, too fast. Disclose - wishing I had bought more in the IPO.

[FarmerHamilton]

I think Emirates Team NZ were 8-1 up when someone last posted on this thread !!!!

Annual results out , look good , beat prospectus forecasts despite missing sales volume on the high margin infant formula due to Chinese red-tape.

Shares unmoved on $3.30

Glad to see I'm still well within the top 75 shareholders

[percy]

I think Emirates Team NZ were 8-1 up when someone last posted on this thread !!!!

Annual results out , look good , beat prospectus forecasts despite missing sales volume on the high margin infant formula due to Chinese red-tape.

Shares unmoved on $3.30

Glad to see I'm still well within the top 75 shareholders

You hang in there.!!
We don't want you selling out and leaving us.!!

[FarmerHamilton]

I can't sell Percy. The escrow agreements forbid me selling anymore shares now until this time next year when the 2014 results are released.

C'mon Team NZ ... I'm a nervous wreck at present and need a decent nights sleep !!!!!

[Lease]

Just wonder how EPS of 19.74 cents is calculated. Given NPAT is $11.5m and number of shares is 146,341,197. My calc is EPS at 7.9 cents.

[FarmerHamilton]

Their largest single supplier ( Synlait Farms Ltd ) is in a trading halt on Unlisted .... v interesting !!

SML shares looking rock solid at 335c

Disc: hold 64,299 SML and 128,000 SNLF

[zigzag]

Their largest single supplier ( Synlait Farms Ltd ) is in a trading halt on Unlisted .... v interesting !!

SML shares looking rock solid at 335c

Disc: hold 64,299 SML and 128,000 SNLF

Do you think this could be concerning a capital raising? It would be interesting to see how they construct it, as the shares still seem to be trading well below NTA.

[FarmerHamilton]

Yes .. to justify a trading halt it would have to involve a pretty big cap raising ... many holders of Farms are big holders of Milk so if its a "hand in pockets boys" type cap raising , ie rights issue ... watch this space.

[FarmerHamilton]

Yes .. to justify a trading halt it would have to involve a pretty big cap raising ... many holders of Farms are big holders of Milk so if its a "hand in pockets boys" type cap raising , ie rights issue ... watch this space.

340/345 last 340 +6 Obviously no worries on what SNLF are up to just yet ...