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  1. #21
    Veteran novice
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    As I suspected, the float wasn't going to include the dairy farms.

    Too much scope here for dudding the production arm at the expense of the farming arm. I'm not surprised now at the lack of support.

    http://www.nzherald.co.nz/business/n...ectid=10611475

  2. #22
    percy
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    my broker told me it would be years before they paid a dividend, because they wanted to keep building plants.may be we are too dividend driven?

  3. #23
    percy
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    i looked up synlait website and found ruth richardson a director.
    i will not buy shares in a company where she is a director.
    enough said.

  4. #24
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    Chinese spent $82m for a 51% holding in Synlait today - excluding the farms which will be operated by a separate Synlait company. Theres another co we won't be seeing on the NZX for a while.

  5. #25
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    Quote Originally Posted by minimoke View Post
    Chinese spent $82m for a 51% holding in Synlait today - excluding the farms which will be operated by a separate Synlait company. Theres another co we won't be seeing on the NZX for a while.
    Another example of NZers preferring to put their money with finance companies and 5% rental yielding residential properties than real companies producing real products.

  6. #26
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    Quote Originally Posted by minimoke View Post
    Chinese spent $82m for a 51% holding in Synlait today - excluding the farms which will be operated by a separate Synlait company. Theres another co we won't be seeing on the NZX for a while.
    Well its back on:

    http://www.nbr.co.nz/article/bright-...ting-bd-140061

    This is a bumper year for IPO's on the NZX and makes me wonder if things are getting out of control.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  7. #27
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    Quote Originally Posted by SparkyTheClown View Post
    I agree about the concerns regarding bullishness, but Synlait is one worth reading up on.
    I will put the same spin as I did on one of the proposed tech IPO's"

    'This looks promising'

    And by that I don't mean that I will invest, but that it is great that I will have the opportunity to invest in it. I will research at the time to determine if the business is good (which this does appear to be) and whether it is under/over priced.

    The irony is that while it is great there are lots of IPO's (opportunitites to invest in new businesses), it also signals that we may be heading into a bubble. Its disappointing this didn't list back in 2009 when there were no IPO's.
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  8. #28
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    Quote Originally Posted by SparkyTheClown View Post
    I will be reading the prospectus with interest on this one.
    It MAY be a good exposure to the (dairy) farming sector which despite it being such a large part of the economy, is hard to get an exposure too.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  9. #29
    percy
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    It has been possible to trade Synlait shares through BDO Christchurch.Very few trades last year,although volume did pick up in October and November last year,when there were trades at $1.00
    Should Ruth Richardson remain chair I will not consider buying.

  10. #30
    percy
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    Quote Originally Posted by SparkyTheClown View Post
    She is not Chair, I just read on their website that she is a non-executive independent director. You may be thinking of Jade, the software company, where she is chair.

    http://www.synlait.com/about/key-peo...-of-directors/

    Graeme Milne is Chairman. Here is the propaganda from the Synlait website.
    It is even worse,she is chair of the GOVERNANCE and human resource committee.!!!!!!!!!

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