We can definitely rule out A2, my pick is its either with Bright Dairy or New Hope.
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My reasoning was due to the fact that earlier agreements were quite specific by naming ATM as party involved. And an announcement to that affect was duly made by ATM at the same time.
Whereas in this case neither SML mentioned ATM nor there was an announcement by ATM to that affect. Hence my assumption that its probably not ATM in this case.
Thanks sb9 I suspect you are right..... but I remain ever hopeful!
More details on today’s announcement as per link below...
https://www.radionz.co.nz/news/busin...acity-at-plant
That stake has probably been overhanging the market for a while. Bought a few more of these ultra boring shares yesterday. I'm learning to embrace the inner sleepy hound that just wants to sit on the porch and watch grass / wealth grow. How many companies are there on the NZX trading on a forward PE of just 20 with such a clearly articulated high growth plan for the next few years ? You folks do the SUM's, there's not many !
Very large parcel has gone through this morning at a slight premium. Wonder if A2 are buying more shares
Another decent day of volume with higher price. Looks like that seller might have finally disappeared and here we come close to the $10 mark.
Might keep an eye on any SSH notices that may come through.
It’s a great example of someone seeing the value of this company verses what Reuters are saying (underperform).? I will just use my head on this and watch it go up
Any ideás why SML doesnt get the love from the insto's or analysts quite like A2? I get the growth isnt quite the same but still one of the best performers on the NZX. Coupled with the performance over the past year is a pretty clear path to continued growth. Hard to find a great deal of NZX companies in the same category
When a company issues shares, not all of them are made available to the public for trading. A big chunk is typically held by the promoters or the government, which is not open to public trading. The portion of shares that is publicly traded is referred to as the ‘free float’ or ‘public float’ of the company.
free float explanation --old article
Read more at:
//economictimes.indiatimes.com/articleshow/45393465.cms?utm_source=contentofinterest&utm_medi um=text&utm_campaign=cppst
Also posted on ATM thread re today's announcement of ATM's expansion into South Korea..
"The a2 Milk Company™ product range will be sourced from Australia and New Zealand, with nutritional products produced by our key supply partner, Synlait Milk Limited. Initial sales are expected to commence during the second half of calendar year 2018. "
Can't believe the sp is still under $10...
Seems someone is happy to pay slight premium over today’s closing price as seen by an off-market transaction post market closed for 300k shares at $9.509 a piece.
I was speaking with an early SML investor this afternoon.He owned a very successful small goods firm in ChCh.
What impressed and still impresses him is the way SML do their business.Very much working with farmers to keep their cows in good condition,and best practice all through the business.
Strong finish on ASX at A$ 9.17 which is NZ $9.72 equivalent based on current cross rate.
$10 price target isn’t very far away.
From a TA perspective this is looking really good. The fundamental's are also really compelling (2019 forward PE is only mid teens) and they have clearly articulated plans for substantial growth ahead over the next few years both with A2 products and through many other channels. Are we starting to see the smart money moving to having a bob each way on this and ATM in equal proportion ?
The volume over the last week (and the chart) definitely shows strong accumulation from the smart money. The fundamentals are just as good, if not better than BAL and A2 in my opinion (i own all three), and as you say management's clear communication to investors is top notch.
SM1 (ASX) chart, ascending triangle has formed, and was broken through on yesterdays close. However, needs some solid volume above 9.17 to confirm a breakout.
Attachment 9633
Oh dear, looks like NZX price is bit slow to react to ASX price currently at $9.25 which equates to $9.84 on current cross rates.
May be someone didn't realise the fact that NZD dropped slightly overnight against AUD.
Anyway, seem to be closing the gap now...
Those pesky little bot things seem to be up to their usual mischief
Will we see $10 today, here's hoping it'll..
^^^^^^
This and plenty of it...a really essential part of any good investment plan. The older I get the more I have realised this very important fact. This a $20 stock in a few years, I am certain of that, just sit back and watch your wealth grow. Very boring, but nonetheless very satisfying.
Jeez - no patience required. Ping $10 done!
Edit. And only 7 sellers in the queue. Something's up.
Plenty of demand for shares that's for sure. I topped up yet again this morning and moved up to holding an equal number of ATM and SML shares.
I still think at $10 on a 2019 PE of 16-17 (on my forecast range) that its very good long term buying for this company with its very strong growth plans.
I reckon A2 is now cheap compared to SML, forget PE relativity, it's all about world wide potential. PS-A2 will need a lot more supply going forward that SML can provide.
There had been strong demand for food related stocks in the Australasian market as well. In fact some milk and meat companies in the Asian-Pacific region not only have outperformed the broader market but also have become multibaggers during fast three years.
However, at some point, I expect correction from those stocks as well. In other words over extended stocks could have some short term risk. Strong balance sheet firms in this sector will outperform others in the long run.
In the meantime another Chinese own milk company having support of Alibaba has an ambitious plan to list on the NZX within the next 3-5 years.
Sp back to where it belongs...
Couple of articles relating Synlait re their operations.
http://www.voxy.co.nz/business/5/309576
http://www.voxy.co.nz/politics/5/309515
Seeing as it just hit my PT was floating the idea of skimming our profits now and *hopefully* pick up some more 5-10% lower.
Historically likes to consolidate in tight with the 30DMA, how much does it have left in the short term before it pulls back?
Well I may just go out for a beer. It seems to never stop going up............ for now
I’ve just analysed my portfolio and it’s quite clear that I should only invest in stocks that begin with S. SCL, SEK, SKL SKO SML SUM, They have all been very good to me. No failures with S. On the flip side, I can not see a pattern for failures. PEB, TGH, etc.
LOL This investment game is simple eh. The further you go into your list of S stocks the better they perform so the trick is to buy as many stocks beginning with S that you can find :D Seriously, looking out 5 years I struggle to find anything that I think is more certain to perform really well than Synlait and Summerset. Possibly ATM but its volatile !
Hamilton Hinden Greene took some clients to Synlait today
Neat photo of sparkling factory
Grant Davies (@G_T_Davies)
8/05/18, 4:27 PM
Great to take a few clients through the @synlait factory today. Really impressive operation pic.twitter.com/0qGR2e4kY4
https://twitter.com/g_t_davies/statu...09072544235520
S Thingies are good mate. Think about it...what other nice words are there that start with S. Safe, steady, secure, stable, sensible, steadfast, serene, sanctuary, this S Stuff is seriously good stuff mate, you know you want too, go on, seize the day and secure your future :D
In all seriousness though, I do see good strong EPS growth for Synlait in the years ahead and their PE is not expensive. I think they'll be one of the quiet super achievers of the NZX over the next few years.
Synlait being added to the MSCI small cap index, also THL, RBD and Mercury.
Excuse my newbyness.. :-( ...but what exactly does being added to the MSCI small cap index entail? How does that affect the stock? (I also have the trifeta but can't celebrate unless I understand the significance).
Global index tracking funds have to buy in to include in their tracking portfolio's. Its leads to significant buying pressure.
Have a look at the market depth in the last 15 minutes of trading on 31 May 2018 and you'll see what I mean.
SP highly likely, (not certain) to head north between now and close of business on that date.
How likely ? I'm buying more this morning so that speaks for itself in term of my opinion which is based on evidence of what I have observed with the substantial volume of buying on previous index changes.
Well this is going up nicely!! Only one million shares being traded
Different approach to me. I bought at $7.75 and they started to dip. Doubled down and bought more at $6.80. And they continued to fall so had to back myself and bought more at $6.47. Now I am just sitting steady. (Always pays to listen to what posters on these forums have to say!)
Good on you mate. I've been a little bit skittish with this one but definitely on board for the long haul now and in decent numbers. Thankfully I've a better track record of holding ATM. Got to get some more liquid refreshments in for this evening looking at the price now :)
Chart looking very promising.
Only 10 cents between them now. Would not have believed that was possible a year ago
Looks like someone is happy to accumulate more weaker price, almost 1.7mln shares traded so far.
I said to myself "must watch my open orders" as I got handed a few extra ATM's. Sholda coulda been watching SML as I now have a few more of these as well. Looks like the A2M blowtorch is being applied to SML.
Lets just bump as a reminder that SML enters the MSCI Small Cap Index on 31 May. I'll pick a close of $11.50
Just bumping this to front page where it belongs....lest we forget :)
And she’s rising and fast
Theres my $11.50 target for close
Or is it? Who knows. I think Xero is overvalued, but it keeps going up in value.......
Snapper Hmmmm....now there's an idea for dinner, won't be as fresh as your's though :)