That'd be a nice change of pace wouldn't it? We'll see how it goes after lunch in Oz. So far, so good ...
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Hey folks, while we see a good rally for ATM share price over recent months, what about SML? Seems it's share price just going downward step by step. What will be the impact on ATM, or is it market implying for something? Thanks!!
Disc. Holding ATM, no longer SML.
I don't think it's necessary for ATM to take over SML entirely, as they have already got enough shares to have the say in the boardroom. ATM can keep squeezing the margin from SML at the current status, as they are SML's biggest customer, and SML do need the business from ATM. Increasing their holding is subject to debate too, but as a small investor, SML SP do looks interesting, despite all those management issues and legal cases that opt to be sorted.
I just keep scratching my head that why it's share price is so weak, only reason that I could come up is the market is casting a vote of no confidence in their management. But despite these, not any major bad news to the whole dairy sector, as well as the latest dairy auction also didn't show any sign of weakness.
But there has been an impact on prices, according to this article, 44Wishlists.
https://www.odt.co.nz/rural-life/dai...be-short-lived
44wishlists - have you considered that the market is beginning to think that SML is still way overvalued. Look at its PE and PB ratios they still have even though are a capital intensive producer,
Just because $8.25 looks really cheap compared to highs of $13 odd doesn’t mean it’s cheap
Those outrageous high prices were totally irrational - probably driven by the milk mania
I see SML share price to weaken further.
I think it may be something to do with with Pokeno factory.
Running hard on the ASX today, you cant keep a good thing down for too long, only 3 weeks till results day, bring it on.