Peter must be happy as today with that announcement
His $3.06 entry looking good ..... an inspired investment
Thought you'd be posting early to rave about it to give the share price a boost.... won't get to 400 today but maybe at end of October
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Peter must be happy as today with that announcement
His $3.06 entry looking good ..... an inspired investment
Thought you'd be posting early to rave about it to give the share price a boost.... won't get to 400 today but maybe at end of October
What Peter are you referring to? Can't be me ...
Anyway - the future seems to look pink .... and China seems to play a big role in it. Hey, they even have a president China sitting in a sea of directors ...
Just wondering how the SP will react when Xi follows Putin and plays his Taiwan card :) ;
Apart from that - does anybody understand the future strategy (page 23 of the presentation)? I guess it looks like a pretty cluttered collection of common place items to me. Hope it works for them.
[QUOTE=winner69;976545]AMAZING TURNAROUND - a $29m loss into a $39m profit
Good stuff and well done Synlait
And F23 looking good - npat about $80m by looks of it
Yes an amazing turnaround I was a bit concerned when the sp never jumped up on that announcement this morning ,but considering the bear was out today its understandable .
And well done Peter
40m spent this year alone for the ERP system, 62m over 2 years not on the income statement so probably didn't make much this year. Don't think they would have agreed to pay anywhere near that at the start
Massive multinational deal just selling UHT cream in China or is that not the big one that was promised? Apparantly another $62m spent off income statement in dedicated capex for this wonderful customer in 'processing modifications' just in fy22 alone.
Only impaired 1/3 of the shoddy cheese factory, and apparantly pouring more money into it?
Inventory and debt down seem good though.
" Intangibles in progress of $61.9m at balance date is comprised primarily of project to date spend on the Group’s
implementation of an on-premise, perpetually licensed ERP system (SAP) which was commissioned on 1 August 2022."
was not that flash
take note
• Costs will increase modestly due to higher sales volumes, SAP stabilisation activities, inflation and supply chain pressures, and key enabler activities within the refreshed strategy
• At the end of FY23, Synlait will have completed its two-year recovery plan. As previously indicated, Synlait intends to exit FY23 and enter FY24 with a similar level of profitability experienced before FY21. However, Synlait is managing several risks, including, but not limited to, the SAMR registration timeline, a tight labour market, high inflation, and supply chain pressures. All of which could materially impact the company’s current FY23 guidance
they have warned you
also a overhanging issue will be a2 one day moving all there production to there own facility
Total Comprehensive Income was a loss of $18.8m
Meant Shareholder Equity (Book Value) was down from a year ago.
Hope those ‘ Items that may be reclassified subsequently to profit and loss’ don’t impact future profits.
https://businessdesk.co.nz/article/p...be81-402467359
Synlait bonds - paywalled but you get the idea.....
SML share price has gyrated between 310 and 350 all this year ….chart looks a bit like a heart monitor print lol.
Closed below 310 today
Will it go back to 350 odd again in next week or so …….or finally succumb to the bear and go back into the 200’s