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06-11-2020, 11:50 AM
#3111
Originally Posted by Nigel
Well at least that removes a chunk of uncertainty. While I always assumed the issue would be resolved, there was always that doubt of 'what if it isn't?'. I Imagine other investors (or potential investors) would have held a similar view. Good to have this sorted, so that we can move on.
I do agree.
And - while I am still not sure I like the current flavour of management, I did buy this morning a small parcel for my agricultural portfolio (and as well as entry ticket for the oncoming AGM). At purchase price they should be reasonable value, even if the promised growth does not materialize.
At a $5.50 SP they are in my books with a forward PE of 11.1 and (based on analyst forecasts) a forward earnings CAGR of 14.3%.
Hey - this makes a PEG of 0.78! Not too bad :
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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06-11-2020, 11:59 AM
#3112
Originally Posted by BlackPeter
I do agree.
And - while I am still not sure I like the current flavour of management, I did buy this morning a small parcel for my agricultural portfolio (and as well as entry ticket for the oncoming AGM). At purchase price they should be reasonable value, even if the promised growth does not materialize.
At a $5.50 SP they are in my books with a forward PE of 11.1 and (based on analyst forecasts) a forward earnings CAGR of 14.3%.
Hey - this makes a PEG of 0.78! Not too bad :
Better brush up on your Te Reo and wear pink to the annual meeting Me, I don't invest in companies run by Muppets at any price.
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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06-11-2020, 12:07 PM
#3113
Originally Posted by sb9
Why would this be confidential?
Why isn't it out in the open?
Who benefits from confidentiality clause?
My preference is not to invest in companies that do not have full disclosure
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06-11-2020, 03:02 PM
#3114
the mere fact that such a risk could be allowed to happen is indicative of something I dont want to be part of. Sure , we might not know all the facts , but if they dont want us to think like this they need to explain themselves. With money , being prudent comes first
For clarity, nothing I say is advice....
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06-11-2020, 03:13 PM
#3115
Originally Posted by peat
the mere fact that such a risk could be allowed to happen is indicative of something I dont want to be part of. Sure , we might not know all the facts , but if they dont want us to think like this they need to explain themselves. With money , being prudent comes first
I put it to you and others that the culture on concealment in Synlait runs deep. Small shareholders are treated as just a necessary evil and a nuisance.
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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09-11-2020, 03:31 PM
#3116
The plot thickens
TRADING HALT
Share price up close to 20% since mid last week ...all Pokeno related?
Last edited by winner69; 09-11-2020 at 03:35 PM.
When investors are euphoric, they are incapable of recognising euphoria itself
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09-11-2020, 03:34 PM
#3117
Originally Posted by winner69
The plot thickens
TRADING HALT
It's probably just a change in the colour of the corporate font... 😀
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09-11-2020, 03:35 PM
#3118
Originally Posted by winner69
The plot thickens
TRADING HALT
Most likely cap raise imo, but things are surely moving fast in Synlait's world over past few days..
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09-11-2020, 03:35 PM
#3119
Originally Posted by winner69
The plot thickens
TRADING HALT
Could be a takeover offer given the risks around covenants is sorted?
Or could be a major product recall... or a capital raising as the settlement actually was material?
Place your bets...
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09-11-2020, 03:37 PM
#3120
Originally Posted by JohnnyTheHorse
Could be a takeover offer given the risks around covenants is sorted?
Or could be a major product recall... or a capital raising as the settlement actually was material?
Place your bets...
Scary bet.
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