SML - Synlait Milk Ltd

[nextbigthing]

......

Don't bet the farm and don't take this advice

.....

[nextbigthing]

I REPEAT NO , FREE LUNCH in the stockmarket.

I hear MOA are giving shares away FarmerHamilton

[FarmerHamilton]

I hear MOA are giving shares away FarmerHamilton

That would be handy , get my average price down from the lofty heights of 89c ...

[percy]

Today's announcement that SML will process more milk than forecast has push the SP over $3.12.

[FarmerHamilton]

Today's announcement that SML will process more milk than forecast has push the SP over $3.12.

I shaved another 5k off my holding yesterday ay 308 ... might put some more on at 318-320 . This is getting pretty frothy I think but every extra litre of milk does add to the bottom line so this is obviously good news.

Disc: hold 69,632 SML

[percy]

I shaved another 5k off my holding yesterday ay 308 ... might put some more on at 318-320 . This is getting pretty frothy I think but every extra litre of milk does add to the bottom line so this is obviously good news.

Disc: hold 69,632 SML

I am sitting like a stunned Rabbit caught in the headlights.!!

[percy]

I shall wait for the listing and after the price has inevitably declined after that I shall look at the gross dividend yield and if it compares well with other candidates I shall buy some.

Any other course of action is myopic stupidity.

Posted 15-07-2013,
Yeah WRONG,!

[nextbigthing]

Posted 15-07-2013,
Yeah WRONG,!

Percy,

Where do you see it heading in the next month

NBT

[percy]

Percy,

Where do you see it heading in the next month

NBT

Wish you had not asked me that!!!!!! Do not know!!!
Yet on Yahoo chart the trend is up,the MACD and Relative Strength are both positive.
So I am staying with the trend which is up.No sell signals that I can see.
Where/when the uptrend will stop I don't know. I brought in with the view that SML would be a good investment over the next 5 to 10 years,so I find it very difficult to judge what is fair value at this point in time.

[FarmerHamilton]

Wish you had not asked me that!!!!!! Do not know!!!
Yet on Yahoo chart the trend is up,the MACD and Relative Strength are both positive.
So I am staying with the trend which is up.No sell signals that I can see.
Where/when the uptrend will stop I don't know. I brought in with the view that SML would be a good investment over the next 5 to 10 years,so I find it very difficult to judge what is fair value at this point in time.

Just offloaded a few more at 319c ... this is an unbelievable run SML shares are having. The stock is now 99c higher than the IPO price of 220c , or a staggering 45%! . Market Cap is now a cool $467m closing in on $1/2B !!

Amazing !!!

Disc: hold 66,962 SML