SML - Synlait Milk Ltd

[billkiapi]

I guess that goes to show how they operate if it’s true that they have an answer. Their obligation is to shareholders and bond holders as creditors, so withholding information is contrary to their duty. The alternative is that they don’t have a deal, and the argument with their biggest customer is significant

[Lego_Man]

It’s their absolute nonchalance that has me intrigued, they have gone out of their way to keep the market in the dark…I may be very wrong but feel they have this sorted.

Possibly they're stunned mullets with a sprinkling of gallows humour/resignation to their fate...

[Bikeguy]

Possibly they're stunned mullets with a sprinkling of gallows humour/resignation to their fate...

You could very well be right…going to be an interesting day when the cards are turned face up shortly

[Bikeguy]

I guess that goes to show how they operate if it’s true that they have an answer. Their obligation is to shareholders and bond holders as creditors, so withholding information is contrary to their duty. The alternative is that they don’t have a deal, and the argument with their biggest customer is significant

Yes, very fair what you are saying,
My experience in China was they tended to play it close to their chests and not always to the letter of the rules, more like “ the end justifies the means” but hey I’m not heavily experienced in Chinese business practices in general,

[Lego_Man]

Synlait are advertising for a new Head of Treasury.

https://www.seek.co.nz/job/74706310?...c3b87ec9fa4188

[Snoopy]

Synlait are advertising for a new Head of Treasury.

https://www.seek.co.nz/job/74706310?...c3b87ec9fa4188

I know a nautical bloke that might be interested. No not Sailor Boy. I am talking about a bloke called 'Long John Silver' who is familiar with treasure chests dotted around the place. Could be exactly what Synlait is after?

SNOOPY

[silverblizzard888]

I know a nautical bloke that might be interested. No not Sailor Boy. I am talking about a bloke called 'Long John Silver' who is familiar with treasure chests dotted around the place. Could be exactly what Synlait is after?

SNOOPY

Given Synlaits extremely high criteria it will likely be conditional on him changing his name from 'Long John Silver', to 'Long John Pink'. Gotta be a team player you know.

[Snoopy]

Given Synlaits extremely high criteria it will likely be conditional on him changing his name from 'Long John Silver', to 'Long John Pink'. Gotta be a team player you know.

Good to see you fully appreciate the 'Synlait ecosystem' pinkblizzard ;-)

SNOOPY

[Sideshow Bob]

I would have thought the Treasury was pretty bare at the mo.....

Maybe a future momentary filling up with an asset sale or capital raise, and then empty again.

[bull....]

find out next week if sml going into receivership. looks like they ask bright dairy for loan or bank waiver. if neither happen lights out