SML - Synlait Milk Ltd

[ratkin]

The way things are going the SP will equal the offer price soon. I guess the market doesn't like a capital raise but the long term growth look very positive to me.

Yeah maybe it would have been better to wait until the last minute,unlikely but you never know the price could dip under Three if something dramatic happened

[theace]

The way things are going the SP will equal the offer price soon. I guess the market doesn't like a capital raise but the long term growth look very positive to me.

Being lazy ... what was the offer price?

[Hectorplains]

Being lazy ... what was the offer price?

2 for 9 @ $3

[tzbang]

Is anyone here taking up the offer?

[Hectorplains]

Is anyone here taking up the offer?

Yep, already done. The online process is a breeze. I'm not concerned at current weak sp, company's trading well.

[sb9]

Will be applying for mine next week online, looks very easy to do that way.

In the short term looks like it may trade in the 320-330 range...

[Baaarney]

I applied earlier in the week. The online process couldn't have been easier

[Lease]

Don't understand why SP not hike. Last year eps 7C, the lowest SP is $2.26, PE was still over 30. This year eps 23C, now PE is under 14! Isn't it largely under-valued?

[Hectorplains]

Don't understand why SP not hike. Last year eps 7C, the lowest SP is $2.26, PE was still over 30. This year eps 23C, now PE is under 14! Isn't it largely under-valued?

Growth for next year is predicted to be subdued, albeit with better for 2018.

[BlackPeter]

Growth for next year is predicted to be subdued, albeit with better for 2018.

Yes, this is one of the reasons. The other - they mentioned already that their planned second site is not covered by the recent cap rise. They will need more money (and lots of it). Good company, but certainly in for the long game.