Few if any would try and make the argument that Synlait has below market average growth. In fact many would make the case their growth is well and truly above average, at least in the top quartile and I would argue there are very few companies listed on the NZX with such a clearly defined roadmap to future growth. We're in FY19 already and I find it quite interesting that according to average analyst forecast Synlait has a market average forward PE of 22 for FY19. Any wonder ATM has been increasing its stake ?

I think even at $12.20 they're very good value indeed for the growth on offer relative to the market.