SML - Synlait Milk Ltd

[Filthy]

breach of the 120MA. I wonder where the bottom is. tough chart to read this one.

[Beagle]

No — a few more bucks to go imho

FWIW which is probably not much but I think its getting close to oversold. Remember that ATM paid $10.90 a while back for another 8%.

[Nasi Goreng]

There should be support at $10.50 area if it gets there, current PE of 25, $375m of capital projects being delivered in FY19 with growth of 25-30% year on year for the next 2-3 years, there are not many companies like this on the NZX. This may be a mere blip in the long term scheme of things. Nothing has changed in the last few weeks, except you can now buy in at a cheaper price.

[pg0220]

Agreed, it is simply oversold, it has more good news to come such as SAMR approval for its IF products, etc.....

[RupertBear]

Good buying at this price?

I have decided that it is so dumped a few of my loss making OHE and placed them here

[Beagle]

Good buying at this price?

I have decided that it is so dumped a few of my loss making OHE and placed them here

ATM paid $10.90 for their additional 8% a while back so yes I think there is sound value at this price but my focus at present is to find growth stocks on much cheaper fundamental's that will pay me a decent (preferably fully imputed) dividend in my semi retirement. I have been buying more OCA and CMO.

[Filthy]

There should be support at $10.50 area if it gets there.

yep, I had put support at around the $10.40 mark.

[RupertBear]

ATM paid $10.90 for their additional 8% a while back so yes I think there is sound value at this price but my focus at present is to find growth stocks on much cheaper fundamental's that will pay me a decent (preferably fully imputed) dividend in my semi retirement. I have been buying more OCA and CMO.

Thanks Mr Beagle, I am keeping an eye on getting a few more OCA. Appreciated your well researched post on OCA yesterday, thanks for sharing with us

[peat]

I've added to my rash purchase at the highs so that I'm now about neutral (as opposed to underweight or overweight) on this stock. I think I am prepared to HODL on this one for the LT. I still dont own any ATM though so will go there next if there becomes a good opportunity. But my gut preference is with the maker of the product. And I believe SML has more of a call option comittment to A2 milk specficially , in that it can diversify if necessary but can benefit from strong growth.

[minimoke]

HODL on this one for the LT. I still dont own any ATM .

I'm still hodling SML and ATM with a long term view. The two of them currently make up 42% of my Portfolio 2 which is about as much exposure to the Milky McMilkness as I have an appetite for. Otherwise I would be topping up at current prices.