SML - Synlait Milk Ltd

[Beagle]

"Synlait Milk fell 45c or 7.44 per cent to $5.60 after reporting a 27 per cent increase in revenue from $1.02b to $1.3b for the year ending July and a 9 per cent decline in net profit to $75.2m".

Numbers like that don't normally go together...hardly ever see such a strong growth in revenue result in profit being well down at the same time. Its all going to pay off handsomely in FY23 though...trust us we know what we're doing. Hmmm

[dreamcatcher]

"Synlait Milk fell 45c or 7.44 per cent to $5.60 after reporting a 27 per cent increase in revenue from $1.02b to $1.3b for the year ending July and a 9 per cent decline in net profit to $75.2m".

Numbers like that don't normally go together...hardly ever see such a strong growth in revenue result in profit being well down at the same time. Its all going to pay off handsomely in FY23 though...trust us we know what we're doing. Hmmm

A dog constantly kicking a dog probably has to be considered cruel.........

[bull....]

Synlait and a2 Milk - When breaking up is hard to do

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12369606

guess it will eventually as a2 builds there own manufacturing

[mcdongle]

Lots going on at Synlait.
Projects cancelled
Restructuring
jobs being cut..

[winner69]

Lots going on at Synlait.
Projects cancelled
Restructuring
jobs being cut..

Heck - sounds bad

Tell us more

[mcdongle]

Thats it so far from a friday night chat with a neighbour

[Beagle]

They need to expend further VAST resources on elevating people and the planet ABOVE shareholders and further vast resources on really dramatic new programs of diversity.
Got to kick Heartland off their perch as the leading Maori employer of choice. The Supreme court judges will take note and that's bound to sway their decision in Synlait's favor.
These actions will fix everything, including ATM's propensity to look to make their own arrangements for milk processing then its all good...no worries

[winner69]

From what I've read and everywhere else I got the impression Synlait Dunsandel was one huge plant

Drove past it today ...I was underwhelmed big time.

[JimmyTrade]

Lots going on at Synlait.
Projects cancelled
Restructuring
jobs being cut..

I don’t think projects will be getting cancelled. They will be hoping for them to get some diversification

[JimmyTrade]

Smaller than a lot of Fonterra sites however all Synlaits products are much more geared towards value added products. There is only so much milk out there to collect. Manufacturing facilities are leading edge in the sector.