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19-03-2019, 09:10 PM
#2021
Looks as though aussies didn’t wanna miss on opening bounce following tomorrow morning announcement from Synlait. Pushed it higher at close to A$ 11.18 which equates to NZ 11.57 on current cross rate.
Let’s see what tomorrow has in store for us eager holders, good luck all.
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19-03-2019, 10:49 PM
#2022
Originally Posted by sb9
Looks as though aussies didn’t wanna miss on opening bounce following tomorrow morning announcement from Synlait. Pushed it higher at close to A$ 11.18 which equates to NZ 11.57 on current cross rate.
Let’s see what tomorrow has in store for us eager holders, good luck all.
Thanks for sharing that mate
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-03-2019, 08:35 AM
#2023
Our HY19 NPAT of $37.3 million is 9.6% lower than the $41.3 million achieved in HY18. This remains a solid result for the first half of the year, with increased sales volumes achieved across our powders and cream and lactoferrin businesses. The higher sales volumes were achieved due to our ability to increase production volumes off the same asset base, a very pleasing result and representative of the efficiencies we are developing in manufacturing through our Integrated Work Systems (IWS) programme.
While our sales volumes of fully finished infant formula were slightly ahead of HY18, these were delivered at lower margins. This is a result of the new pricing agreement entered into with The a2 Milk Company™ last July, as well as not having the benefit of the higher margin sales to our China based customers that we enjoyed in HY18. These brands are awaiting State Administration for Market Regulation (SAMR) registration.
The HY19 result also benefited from the increased efficiencies of our manufacturing plant. We processed 12.4% more milk than in HY18 into 90,466 Metric Tonnes (MT) of product, a 10.5% increase on FY18. This also reflected higher sales volumes of our powder and cream products at 56,116 MT (HY18 46,111 MT) and a higher closing finished goods inventory (HY19 – 44,344 MT vs HY18 35,040 MT)
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20-03-2019, 08:41 AM
#2024
as mentioned earlier on this thread a2 screwed them down on price which translated to lower margins for them. the problem for manufactureres always have to do what there big customers say lol anyway still doing good
one step ahead of the herd
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20-03-2019, 08:42 AM
#2025
Member
Ouch that’s a dirty result. Second half will be critical. Haven’t had time to review all the results but headline isn’t flash
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20-03-2019, 08:44 AM
#2026
Originally Posted by bull....
as mentioned earlier on this thread a2 screwed them down on price which translated to lower margins for them. the problem for manufactureres always have to do what there big customers say lol anyway still doing good
And their biggest customer is also a partial owner to complicate things further. Need to own ATM as well to enjoy the full profit I guess.
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20-03-2019, 08:44 AM
#2027
Not impressed. Revenue gone up but cost of sales gone up more. This is going backwards
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20-03-2019, 08:48 AM
#2028
Sales and distribution expenses up 44%. But they have have not covered increased expense with revenue. Going backwards.
Admin expenses gone up. Going backwards.
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20-03-2019, 08:49 AM
#2029
You knew from the headline “SIGNIFICANT INVESTMENT IN MAJOR GROWTH PROJECTS FOR SYNLAIT” that the bottom line was going to be ****e
Looks like i’ve got another investment in one of these gunna companies...one day with a bit of luck it might gunna be a boomer
The believers probably get a another ‘great buying opportunity’ and the ‘bargain of the century’ day
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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20-03-2019, 08:50 AM
#2030
"This is a result of the new pricing agreement entered into with The a2 Milk Company™ last July, as well as not having the benefit of the higher margin sales to our China based customers that we enjoyed in HY18. These brands are awaiting State Administration for Market Regulation (SAMR) registration."
I'd missed that they were awaiting registration for one of their products...…..
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