SML - Synlait Milk Ltd

[percy]

Rather a large reduction in forecast earnings of $7.5mil to new forecast of $17.5mil to $22.5mil.

[iceman]

Rather a large reduction in forecast earnings of $7.5mil to new forecast of $17.5mil to $22.5mil.

They should have just stuck for the whole time to the prospectus forecast of $19.8 M which is smack bang in the middle of this new one

[Billy Boy]

They cud go below the $3.00 in the short term.

[Citizen Erased]

Well, that's one way to wipe out nine months of gains.

You'd feel like a right muppet if you bought in at around $4.00. Who, me? Now my SML holding is deeper underwater than DIL.

Just as well I booked profits and bailed out of PEB, otherwise I think I'd be hitting the bottle tonight.

[percy]

[QUOTE=percy;448932]Happily sold my SML at $3.85 as I thought ratios were stretched.

Above posted 11-12-2013.
Looked to have done the wrong thing at the time selling.
Does not look so silly now.!! lol.

[Fisherking]

I'm pretty close to through with this stock, the only thing keeping me in is the money I will lose if I sell.

From the announcement today:

A reduced advantage from a favourable product mix in the second half of the

year, and a consistently high New Zealand foreign exchange rate has resulted

in a reduction in forecast net profit after tax of approximately $7.5 million

for the financial year. Really? The consistently high foreign exchange rate has resulted in a reduction in forecast net profit??? Are you really telling me you expected the foreign exchange rate to have dropped by now?? Based on what????

[Master98]

Well, that's one way to wipe out nine months of gains.

You'd feel like a right muppet if you bought in at around $4.00. Who, me? Now my SML holding is deeper underwater than DIL.

Just as well I booked profits and bailed out of PEB, otherwise I think I'd be hitting the bottle tonight.

No worry buddy, I am quite sure sp will bounce back follow the completion of china regulatory registration, I have 30k spare cash came from crown refund(GNE) , spend half buy into SML at $3.10 today, will buy more if sp continue sliding, just want a slice of diary sector, and diversity of portfolio.

[Master98]

Canterbury-based company Synlait Milk is confident it will soon be able to start sending infant formula to China again.
http://www.radionz.co.nz/news/nation...ports-to-china

[winner69]

Announcement a couple weeks (profit downgrade) saw price drop 10%

Now back to the price pre announcement - punters did not need to panic after all

Mind you price had come down a bit in the days before the announcement

All honky dory now and steadily onwards and upwards from here

[MAC]

Has anyone any advice, or a progress report perhaps, on the commissioning status of the new dry blending and consumer packaging facility, due to be ready around about now ?

My understanding is that the CNCA (Certification and Accreditation Administration of the People's Republic of China) requires that dry blending and packaging be performed at the manufacturers facility. With SML constructing a new facility, it’s completion and subsequent approval is required before regulatory requirements can be satisfied, and a risk management plan approved by the MPI.

Should be any time now if the construction and commissioning schedule is on time.

https://www.nzx.com/files/attachments/193258.pdf.