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10-05-2016, 02:16 PM
#741
Member
Lots of heavy downward pressure on Synlait recently. Has slid from $3.66 to $3.26 in just over a week. Previous it seemed to track where A2 goes.. but now A2 is on the way up, SML on the way down.. any ideas?
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10-05-2016, 02:34 PM
#742
Originally Posted by tzbang
Lots of heavy downward pressure on Synlait recently. Has slid from $3.66 to $3.26 in just over a week. Previous it seemed to track where A2 goes.. but now A2 is on the way up, SML on the way down.. any ideas?
More bads news around dairy? Article in Stuff today about impact on provinces and the Fonterra Australian farmgate price cuts. Neither have a negative on Synlait's bottom line (lower milk prices actually benefit Syn.) but add to the current sentiment.
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10-05-2016, 03:40 PM
#743
Originally Posted by tzbang
Lots of heavy downward pressure on Synlait recently. Has slid from $3.66 to $3.26 in just over a week. Previous it seemed to track where A2 goes.. but now A2 is on the way up, SML on the way down.. any ideas?
Make that 318, I'm sure I read in the media about the talk of a possible capital raise. Could that be the reason?
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10-05-2016, 04:11 PM
#744
Member
could be .. there has been some murmurs that Synlait might need investment to expand canning facilities next year due to the boom in A2 infant formula sales
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19-05-2016, 09:53 PM
#745
Originally Posted by tzbang
Lots of heavy downward pressure on Synlait recently. Has slid from $3.66 to $3.26 in just over a week. Previous it seemed to track where A2 goes.. but now A2 is on the way up, SML on the way down.. any ideas?
ATM's caught the cold and is now slip sliding too...
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15-06-2016, 11:55 AM
#746
Originally Posted by Hectorplains
ATM's caught the cold and is now slip sliding too...
ATM is HOT right now and hopefully this should help Synlait....
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11-07-2016, 10:54 AM
#747
1 |
1 |
9:03:37 am |
322 |
228,948 |
$737,213 |
Put Through Special Crossing |
Something's up, may be due for an announcement from them soon....
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12-07-2016, 12:45 PM
#748
Member
http://www.nbr.co.nz/subscribe/191386 Chinese demand for infant formula surges.
Formula exports to China up almost 50% compared with the same period last year with NZ market share rising to 12% from 8% in 2015.
Fake domestic product scares have put a surging demand on authentic brands from NZ, Ireland and Netherlands, specifically A2 Milk to
help feed the five million babies born in China last year.
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12-07-2016, 01:39 PM
#749
Member
Originally Posted by tzbang
http://www.nbr.co.nz/subscribe/191386 Chinese demand for infant formula surges.
Formula exports to China up almost 50% compared with the same period last year with NZ market share rising to 12% from 8% in 2015.
Fake domestic product scares have put a surging demand on authentic brands from NZ, Ireland and Netherlands, specifically A2 Milk to
help feed the five million babies born in China last year.
5 million babies? The figure is closer to 20 Million babies born annually in PRC as far as I can see.... I think it was predicted that an additional 5 million babies would be born as a result of the 2 child policy. Im getting a bit nervous that a2 wont be able to keep up with demand again shortly - I hope they have another processor lined up (on top of Synlaits impending expansion), as well as a waiting list of farmers to supply said processors. I cant even think how additional a2 products / territories will affect this tight rope!
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18-07-2016, 11:01 AM
#750
The 2 year SML chart is looking very good at the moment. The 1st year being a very well defined down trend with lots of lower lows each time finding resistance at the 100 day moving avg, the trend now is up and finding support at the 100 day MA. It looks like it will make new highs soon.
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