SML - Synlait Milk Ltd

[tzbang]

The only exception is for exports of finished infant formula to China. :-(

[BlackPeter]

"The only exception is for exports of finished infant formula to China. Documentation required to support Synlait Milk’s application for registration as an exporter of finished infant formula to China was sent to the Chinese regulatory body today by MPI."

bugger

Yeah, but we knew that based on what they told us a couple of weeks ago. MPI approval (what they got now) is just an essential milestone on the way to get approval to export their milk powder to China. This is now the next step.

[K1W1G0LD]

Buyers 2 total 1600 shares
Sellers 17 total 99000 shares

Liquidity well and truly dried up.
If it was'nt sad it would be funny , plus 2 profit downgrades and maybe 1 more to come , not a glowing report card so far in 2014.

[winner69]

One consolation .....last downgrade had no long lasting impact. Quickly recovered to th 330/340 mark and has stayed there

[BlackPeter]

I would think another profit downgrade is a given as the China registration lingers on and on and on.......

You are probably right .. I guess the "outsourcing" of the Chinese baby formula must cut into the margin. On the other hand - the current tumbling of the milk price likely to increase margins (less money for farmers leaves more money for the middle man). So - with a bit of luck this might neutralize the margin shrinking due to (lack of) Chinese registration.

As well ... hope for a nice little spike when they announce their registration (hopefully later September), but might be wrong.

[MAC]

Well, it’s been two or three weeks now since SML applied for registration on 28th August.

ATM also said on 28th August that they ‘hope’ registration will be in September. Has SML actually since bothered to provide an expectation of the duration required though, haven’t been able to track one down.

Could be this September could be next September ?

https://www.nzx.com/files/attachments/199491.pdf

[K1W1G0LD]

Well, it’s been two or three weeks now since SML applied for registration on 28th August.

ATM also said on 28th August that they ‘hope’ registration will be in September. Has SML actually since bothered to provide an expectation of the duration required though, haven’t been able to track one down.

Could be this September could be next September ?

https://www.nzx.com/files/attachments/199491.pdf

This is the standard response from Synlait these days.

When we have material information regarding progress towards registration we will announce it as per the disclosure policy. Until then we are not in a position to release any updates.



Regards

Mike

not vey helpful at all, thats Michael Wan, c/o Media enquiries

[MAC]

It does unfortunately leave the market to its own devises to speculate a little doesn’t it, although it may simply just not be possibly for SML to accurately predict, they are dealing with commie bureaucrats after all, but one would have thought that they would have at least advised that the schedule is not entirely within their control.

Hopefully sooner rather than later for shareholders, and before the eschew period lapses, interim report’s due next week, perhaps all will be revealed, let’s see.

[zigzag]

It does unfortunately leave the market to its own devises to speculate a little doesn’t it, although it may simply just not be possibly for SML to accurately predict, they are dealing with commie bureaucrats after all, but one would have thought that they would have at least advised that the schedule is not entirely within their control.

Hopefully sooner rather than later for shareholders, and before the eschew period lapses, interim report’s due next week, perhaps all will be revealed, let’s see.

MAC. It is the annual result that is due next week, not the interim. Also note that Dr. John Penno is scheduled to speak at NZ Shareholder Assoc. meeting on Wednesday.

[MAC]

MAC. It is the annual result that is due next week, not the interim. Also note that Dr. John Penno is scheduled to speak at NZ Shareholder Assoc. meeting on Wednesday.

Good to hear, perhaps someone can provide some feedback, yes FY results.