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21-02-2018, 04:28 PM
#1041
Needed a market update
"Synlait Milk Limited (NZX: SML, ASX: SM1) and The a2 Milk Company Limited |
(NZX: ATM; ASX: A2M) wish to clarify that the announcements made today by The |
a2 Milk Company and Fonterra do not change Synlait's exclusive infant formula |
supply arrangements to The a2 Milk Company. "
Time to return to normal transmision |
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21-02-2018, 04:29 PM
#1042
And heres a further clue
""Our Company recognises that Synlait has performed outstandingly under the |
exclusive infant formula supply arrangement between the two companies and our |
on-going relationship will continue to serve us both well into the future," |
says Mr Babidge. " |
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21-02-2018, 04:37 PM
#1043
Member
Originally Posted by minimoke
Needed a market update
" Synlait Milk Limited (NZX: SML, ASX: SM1) and The a2 Milk Company Limited |
(NZX: ATM; ASX: A2M) wish to clarify that the announcements made today by The |
a2 Milk Company and Fonterra do not change Synlait's exclusive infant formula |
supply arrangements to The a2 Milk Company. "
Time to return to normal transmision |
They halt trading on the NZX? i note its back up to 636 on the asx
Edit: as i posted this trading continued on the nzx
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21-02-2018, 04:38 PM
#1044
Originally Posted by JoeGrogan
They halt trading on the NZX? i note its back up to 636 on the asx
Bingo. Back in the money. $6.60
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21-02-2018, 04:46 PM
#1045
Bought a modest position today at $6.31 timing looks quite good for a change.
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21-02-2018, 05:43 PM
#1046
Member
What a crazy day! Saw the ATM results and was busy clapping ..until I noticed the Fonterra announcement had sent SML south and triggered my stop-loss @$6.50. Ok, I watched the over-reaction and bought back a slightly smaller holding of SML @$6.25 and used the rest to top up ATM @ $11.50. SML back to $6.65 and ATM $11.75 phew!
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21-02-2018, 05:46 PM
#1047
Originally Posted by tzbang
What a crazy day! Saw the ATM results and was busy clapping ..until I noticed the Fonterra announcement had sent SML south and triggered my stop-loss @$6.50. Ok, I watched the over-reaction and bought back a slightly smaller holding of SML @$6.25 and used the rest to top up ATM @ $11.50. SML back to $6.65 and ATM $11.75 phew!
Well done.
Yeah hectic day indeed. Bought some SML at 6.49 and might be able to get out tomorrow at $6.90 if I am lucky. Was considering buying more at the $6.30 range but chickened out. Those things happen.
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21-02-2018, 05:55 PM
#1048
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21-02-2018, 06:12 PM
#1049
Originally Posted by blackcap
Well done.
Yeah hectic day indeed. Bought some SML at 6.49 and might be able to get out tomorrow at $6.90 if I am lucky. Was considering buying more at the $6.30 range but chickened out. Those things happen.
Yup, a bit of a roller coaster. I bought SML with a 5 year window. But as price drops I've topped up. Nervous today as bought more and it was then accelerating towards my stop loss.
All turned out OK. But I am still down 6.6% overall.
So, your selling at $6.90 before waiting a month for the year end results. I like this in todays contribution from ATM Synlait has performed outstandingly under the |
exclusive infant formula supply arrangement |
In particular I like the word "outstandingly". So I am happy to continue holding
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21-02-2018, 06:20 PM
#1050
Originally Posted by minimoke
Yup, a bit of a roller coaster. I bought SML with a 5 year window. But as price drops I've topped up. Nervous today as bought more and it was then accelerating towards my stop loss.
All turned out OK. But I am still down 6.6% overall.
So, your selling at $6.90 before waiting a month for the year end results. I like this in todays contribution from ATM Synlait has performed outstandingly under the |
exclusive infant formula supply arrangement |
In particular I like the word "outstandingly". So I am happy to continue holding
Thank you, I just purchased that one for a trade without having done any due diligence as such. Seemed an absurd reaction to the ATM announcement. I shall have to do some more reading overnight and reevaluate tomorrow
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