Suppose big end of town already left for the beach or where ever .....hardly any reaction to the massive downgrade
Suppose a huge sigh of relief for holders
Even from where it was last week share price holding up well
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Suppose big end of town already left for the beach or where ever .....hardly any reaction to the massive downgrade
Suppose a huge sigh of relief for holders
Even from where it was last week share price holding up well
They should have milked the shareholders for more money when they had the chance. Still very high debt levels, especially with a slowdown. Hard to see much reason to invest right now. Headwinds and no clear blue sky
37m on 218.5m shares = 16.9 cps. What's the bet they will use a weighted average shares on issue for the year when calculating eps !...but the dog does not suffer such creative nonsense.
I always thought this was the most stupid heading ever for an NZX Announcement ... and said something about management culture
From the 2018 ASM
IMPRESSIVE RESULT APPLAUDED BY SHAREHOLDERS
Pink doesn't stand out
Don't think a standing ovation next year
Next year they will wax lyrical about their other two equally important goals, people and the planet and shareholders will "enjoy" reading endless commentary about how well they've done there and their wonderful new diversity programs. Shareholders are on for a really "fun" ride.
Notice how during the shareholder capital raise / milking they pretended that profit really did matter ! Shareholders really have been milked.
I think a three legged blind pig dog riddled with mange, fleas and ticks is more attractive than this mutt.
Haha, thanks for the laugh.
Does SML disclose total sales to A2? Per the annual reports they make reference to wanting less reliance ion A2 and their strategy is to diverse away from "one country, one customer, one production site" which they are achieving via acquisition, and possibly other methods of which I am unaware. The only references I can find for A2 sales all relate to tinned infant formula which makes up 33% of total metric tonnes sold in 2020 and 29% in 2019.
You're welcome mate, its not called the silly season for no good reason ;) Not sure, probably commercially sensitive, but going off this announcement a 35% reduction in demand from ATM leads to a 50% profit downgrade for Synlait suggests to me the vast majority of Synlait's processing is for ATM.
Once the big end of town are back from their holiday's at their waterfront properties at Pauanui and Omaha beaches I think we will see the shares coming under serious pressure.