SML - Synlait Milk Ltd

[minimoke]

Lets ad

"Synlait also announced today that it has entered into a conditional agreement

to acquire selected Talbot Forest Cheese assets. This includes property,

plant and equipment at a new 12,000 MT Temuka site, the consumer cheese brand

(Talbot Forest Cheese) and customer relationships."

[winner69]

Give that man a chocloate fish - pretty close

"

Synlait (NZX: SML; ASX: SM1) has reported a net after tax profit (NPAT) of

$74.6 million, almost double the NPAT of $39.5 million announced for the same

period last year. "

No chocolate fish for ggcc ...beagle said $75m ....rounded up from $74.7m he said

[Ggcc]

Great news and in line with expectations. Something new with the conditional offer for a selected part of Talbot forest cheese. I do see a drop happening in line with what I mentioned $0.50-$1.50. I am happy to keep holding and if it drops too much I buy more for a longterm hold. I will be happy if I am wrong and the share price heads north

[minimoke]

"This acquisition enhances our current portfolio, and will cement Synlait as

a company with high-quality, flexible dairy manufacturing capabilities that

can be tailored to meet customer needs," says Mr Clement.

"We will be able to manufacture a variety of cheese products that complement

our existing product portfolio, whilst at the same time further diversifying

our revenue streams."

"The proposed acquisition contributes to our intention to grow within the

Everyday Dairy category in New Zealand (which is a notable $2 billion market)

and overseas," he says.

The investment is expected to be in the range of $30 - $40 million, which

reflects incentives for various conditions to be met.

[minimoke]

Average analyst view is $75m. .

Seems they were on the money

[Beagle]

Seems they were on the money

Yes, solid result and there very good growth coming in the years ahead.
http://nzx-prod-s7fsd7f98s.s3-websit...032/286989.pdf

[limmy]

Looks like the market likes the result. The sp didn't drop.

[hardt]

The market is yet to trade... ASX is the only thing that matters to us.

[limmy]

ASX coming on board in half an hour. Not sure what the response will be like ?

[minimoke]

ASX coming on board in half an hour. Not sure what the response will be like ?

Horses are lining up at the gates. AUD $11.65 seems to have entered the gate first