SML - Synlait Milk Ltd

[Newman]

ATM vs. Synlait: their share prices steadily move in opposite directions, but they rely on each other for business. Is there anything unknown to shareholders happening?

[Sideshow Bob]

Fonterra came out at $8/Kg. Looks competitive....if you get paid.

https://www.nzx.com/announcements/432106

2023/2024 season forecast update

Synlait has maintained its forecast base milk price for the 2023/2024 season at $7.80 per kgMS.

2024/2025 season opening forecast

Synlait’s opening forecast for the 2024/2025 season is $8.00 per kgMS. Synlait has taken a conservative approach to its forecasts given the exposure to future global dairy commodity prices, which are volatile in nature, at the beginning of the season.

Synlait farmer suppliers have received, on average, $0.28 per kgMS incentives above the base milk price for the last two seasons. The company is forecasting to pay similar incentives for the 2023/2024 and 2024/2025 seasons.

Forecasts are based on the best information available to Synlait at the time. Synlait will continue to monitor movements and keep farmer suppliers updated as required. Synlait’s final milk price for the 2023/2024 season will be confirmed when the company’s full year result is released in September. The 2024/2025 season forecast will also be updated at the same time.

[mike2020]

$8 was great back in 2008. Even in 2014 it was good. 2025?

[Newman]

Synlait share price keeps falling until a trading halt is placed for the announcement of CR, asset sale, bank exemption, or receivership.

[Bikeguy]

Synlait share price keeps falling until a trading halt is placed for the announcement of CR, asset sale, bank exemption, or receivership.

Have to agree with you

[Nigel]

At what point does this company get taken over?

[Bikeguy]

At what point does this company get taken over?

The financials will force something soon surely, what that is is anybody’s guess😅

[silverblizzard888]

With the $130m extension coming to an end on 15th July, we should see something announced this month how they plan to repay it unless they plan to negotiate another extension which would be a terrible sign of the company's inability to be decisive and act. I think a capital raise will be undertaken for $130m as thats the immediately concern, unless they can sell Dairyworks, then there will be a capital raise to supplement the rest. While that happens they will be making a decision on the north island assets, which I have a feeling Bright will play some part in the outcome. They have enough assets and a decent business to get out of this mess, but the bigger question is at what cost to the businesses current value.

[bull....]

Market update not looking good

https://announcements.asx.com.au/asx...02vfzl9x3c.pdf


In breach of convenants , farmers issing cessation notices in droves , no sales of dairyworks etc etc

[Sideshow Bob]

Market update not looking good

https://announcements.asx.com.au/asx...02vfzl9x3c.pdf


In breach of convenants , farmers issing cessation notices in droves , no sales of dairyworks etc etc

The omni-cluster slow motion train wreck just continues.......