SML - Synlait Milk Ltd

[kiwi_crusader]

Talbot cheese manufacturing plant is in Temuka with a specialty cheese factory next door. They put out a huge volume of grated cheese for Bidfoods nation wide and other wholesalers as well as fancy cheeses.
Looks like they will soon be supplying Foodstuffs with their home brand cheese like Synlait is with their milk.

[minimoke]

Ah yes. 1 tonne out of Geraldine, 50 out of Temuka. My bad.

[BlackPeter]

Ah yes. 1 tonne out of Geraldine, 50 out of Temuka. My bad.

From memory - the new CEO called the aquisition (in response to a question) in the last AGM "opportunistic". It sounds like the price was right - and it helps them as well to optimise the utilisation of their truck fleet. Apparantly delivering to and from the factory helps them to reduces the number of empty tours they otherwise would have to make.

Not a strategic purchase, but a nice little earner / saver.

[sb9]

Couldn't help but top up at the open this morning. No reason why this should be less than $10 imo on back of what A2 has just delivered.

[minimoke]

Couldn't help but top up at the open this morning. No reason why this should be less than $10 imo on back of what A2 has just delivered.

$10.00 hit at 10:39, Currently $9.99.

[Chanchay]

Couldn't help but top up at the open this morning. No reason why this should be less than $10 imo on back of what A2 has just delivered.

Agree. I've doubled down today. Im expecting good things next month.

[whatsup]

What is the Aussie code for SML

[777]

Sm1 ........

[whatsup]

What is the Aussie code for SML

SM1, gotit !

[Beagle]

I am expecting good things when Synlait report in due course, (ATM infant milk powder sales were well above SML's production forecast issued some time back), and I really like the fact that their new facility in Pokeno is both proceeding to plan but also easily scale-able and has a catchment area of 150 km's which basically covers all of the highly productive Waikato area. Very happy to hold this long term and I am expecting very good growth for the foreseeable future. Disc: I added a few more today.