SP up 60c in last hour. Has the worm turned or dead cat?;)
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SP up 60c in last hour. Has the worm turned or dead cat?;)
Will be interesting to see what happens with Mataura Valley, and if that DD with a view to purchase continues (all things being equal, originally supposed to complete end FY21). Obvious capacity remains with Synlait for the short/perhaps more medium term. Do they invest in stainless steel? Or do they spend some of their warchest on marketing and generating revenue? Hmmmmmm.
Although ATM still have almost a 20% holding in SML - albeit looking less valuable by the day. Only thing is infant formula approvals?
But otherwise clip the ticket twice??
Could be also an opportunity for Bright to take them out and go all the way....??? Maybe there is some sort of deal in the wind??
Too many question marks!! ;)