SML - Synlait Milk Ltd

[JoeGrogan]

Strong finish on ASX at A$ 9.17 which is NZ $9.72 equivalent based on current cross rate.

$10 price target isn’t very far away.

Another record closing high on the ASX, think thats 3 times in the past week. Charts on the verge of another breakout

[Beagle]

Another record closing high on the ASX, think thats 3 times in the past week. Charts on the verge of another breakout

From a TA perspective this is looking really good. The fundamental's are also really compelling (2019 forward PE is only mid teens) and they have clearly articulated plans for substantial growth ahead over the next few years both with A2 products and through many other channels. Are we starting to see the smart money moving to having a bob each way on this and ATM in equal proportion ?

[minimoke]

Are we starting to see the smart money moving to having a bob each way on this and ATM in equal proportion ?

Dont know the term - but isn't that a bob one way and all looking good

[JoeGrogan]

From a TA perspective this is looking really good. The fundamental's are also really compelling (2019 forward PE is only mid teens) and they have clearly articulated plans for substantial growth ahead over the next few years both with A2 products and through many other channels. Are we starting to see the smart money moving to having a bob each way on this and ATM in equal proportion ?

The volume over the last week (and the chart) definitely shows strong accumulation from the smart money. The fundamentals are just as good, if not better than BAL and A2 in my opinion (i own all three), and as you say management's clear communication to investors is top notch.

SM1 (ASX) chart, ascending triangle has formed, and was broken through on yesterdays close. However, needs some solid volume above 9.17 to confirm a breakout.

Screen Shot 2018-04-19 at 9.45.27 am.jpg

[sb9]

Oh dear, looks like NZX price is bit slow to react to ASX price currently at $9.25 which equates to $9.84 on current cross rates.

May be someone didn't realise the fact that NZD dropped slightly overnight against AUD.

Anyway, seem to be closing the gap now...

[Hectorplains]

Oh dear, looks like NZX price is bit slow to react to ASX price currently at $9.25 which equates to $9.84 on current cross rates.

May be someone didn't realise the fact that NZD dropped slightly overnight against AUD.

Anyway, seem to be closing the gap now...

and...racing this time!

[minimoke]

Those pesky little bot things seem to be up to their usual mischief

[sb9]

Will we see $10 today, here's hoping it'll..

[minimoke]

Will we see $10 today, here's hoping it'll..

Patience young grasshopper. In time it will come.

[Beagle]

Patience young grasshopper. In time it will come.

^^^^^^
This and plenty of it...a really essential part of any good investment plan. The older I get the more I have realised this very important fact. This a $20 stock in a few years, I am certain of that, just sit back and watch your wealth grow. Very boring, but nonetheless very satisfying.