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13-02-2020, 10:38 AM
#2861
Originally Posted by BigBob
It doesn't look great does it.... !! Fairly light volume though....
ehhh.... I said that a bit too early... !!
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13-02-2020, 10:43 AM
#2862
Member
Maybe this is why Synlait didn't subscribe to Morningstar. South Sea Bubble comes to mind.
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13-02-2020, 11:48 AM
#2863
They should have stayed in Dunsandel, did too much too soon.
Can guarantee the next update will have a big dollop of coronavirus excuses, not hopeful it will meet it's targets.
Always said I would buy back in at 6 dollars, not so sure now, lots of debt, and lots of expenses
Last edited by ratkin; 13-02-2020 at 11:51 AM.
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13-02-2020, 11:50 AM
#2864
Originally Posted by ratkin
They should have stayed in Dunsandel, did too much too soon.
Can guarantee the next update will have a big dollop of coronavirus excuses, not hopeful it will meet it's targets.
Always said I would buy back in at 6 dollars, not so sure now
Make that a $3 handle and a change of board and CEO - in that case I might be interested ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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13-02-2020, 11:52 AM
#2865
Originally Posted by BlackPeter
Make that a $3 handle and a change of board and CEO - in that case I might be interested ...
Big debt and big expenses, not a good combination
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13-02-2020, 11:55 AM
#2866
Originally Posted by ratkin
Big debt and big expenses, not a good combination
AM Q TO BUY - NEED MORE SCARE MONGERING PLEASE.
Sitting at $4.50.
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13-02-2020, 12:03 PM
#2867
Originally Posted by Balance
AM Q TO BUY - NEED MORE SCARE MONGERING PLEASE.
Sitting at $4.50.
…………...
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13-02-2020, 12:04 PM
#2868
Originally Posted by Balance
AM Q TO BUY - NEED MORE SCARE MONGERING PLEASE.
Sitting at $4.50.
You are sure you want to buy already after the first downgrade? This is not the Balance I remember ...
Though on reflection - might offer a nice dead cat ride for a trader ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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13-02-2020, 12:07 PM
#2869
Originally Posted by ratkin
Big debt and big expenses, not a good combination
Big Debt, Big expenses and Extraordinary BIG risk with their last hope of legal remedy with the Supreme Court with Pokeno.
Not an existential threat BUT combined with the above and possible material virus impact...oh my goodness.
Very unlikely to meet their FY20 forecast in my opinion. This today, in my opinion is just the first of a series of very bad news to come, more downgrades and then the legal bombshell.
Expect a deeply discounted major capital raise if they lose their Supreme Court case as they have no other viable way to build a replacement facility, i.e. they are up to their eye-balls in debt already.
Last edited by Beagle; 13-02-2020 at 12:29 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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13-02-2020, 02:42 PM
#2870
Member
Originally Posted by Mogul
Could be interesting. I wonder if ATM will use this as an opportunity to squeeze further on price they are paying for manufacturing and/or withhold some business to get even better terms and perhaps the opportunity to pick up the pieces in time
At the end of the day, A2M still holds 8% of SML, and as a business partner, I don't think they want SM1 to be burnt and finished, or at least until they found another reliable partner(s), whether if this is feasible in the short to medium term, that another subject of debate. How GB or next A2M CEO will negotiate the deal with SM1 in the upcoming years will be interesting. I don't think A2M will increase their stake any further at this stage, however, A2M maybe eyeing on increase partnership with Bridge Dairy via this opportunity if SM1 really do go into any form of hardship.
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