Banking covenants, debt look dicey. Might even be technically insolvent?
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There is no guidance for when the TH ends. Thats a bad sign??
When they said ‘. SAP significantly impacted Synlait’s ability to release and ship products to customers in Q1 FY 23.’ I thought jeez the computer is holding the company to ransom.
Seems the system said CANNOT RELEASE ORDER FOR DELIVERY so no sale made
But what happened to the old fashioned approach in such circumstances …. Like Customer X wants a few tonnes of that stuff in our over fill warehouses so just deliver it now and worry about the paper work later
Bloody circus if you ask me.
I had a look at bed bath and beyond given that the headlines about bankruptcy and the struggle to stay afloat in recent years.
They went from about $35 early 2021 to a few cents now.
Apart from the obvious fact they have not been able to generate a net profit for a while and they have been restructuring since. The most recent quarterly report show massive debts in the current liabilities.
I had looked a at the most recent statement for SML. They are abit better off, at least they are turning a profit. However it's the same things, massive debt in the current liabilities.
Probably obvious now with hindsight. Debt in current liabilities suggest that they are struggling to restructure it. In a environment where int rates have been increasing, it effectively becomes a debt spiral. A slight positive is perhaps we are near peak int rates. However for now perhaps hard to avoid a CR. Then again I'm not looking at the company just at the cap structure.
Unfortunately it’s not that simple with exports of dairy products these days, W69.
Having exported a wide variety of NZ produce to China & Asia ( meat, dairy, seafood, fruits and vegetables), I can tell you that the documentation required these days is very precise.
Miss one piece of information and the shipment can be held up in the entry port (at horrendous charges) for days and weeks!
Automated documentation is required along with automated manufacturing system. Forget about manual documentation like manual manufacturing.
SAP is not the best outfit to use for such system but companies like to use SAP so
management can cover their backside. Just like companies used IBM for their computer systems in the 70s, 80s and 90s.
Completed the onsite part of SAMR late Feb and no update but would expect A2 to also have reacted if there was an issue. SAMR is causing a degree of discomfort for other parties at present. Heard chatter 1 of the driers wasn't performing well might just be that. Can also confirm doc requirements are intense, and any minor non conformances trigger more paperwork. Major ones = stock food.
Ed misplaced word.. & predictive ...