Language around asset sale has softened and starting to warm us up for a cap-raise that sounds like it will be supported by Bright
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Language around asset sale has softened and starting to warm us up for a cap-raise that sounds like it will be supported by Bright
They conclude H124 profit to be down on last year
Jeez, last year Net NPAT was a miserly $4.8 million.
So essentially breakeven in first half …that’s not good
Looks like ATM are have put boot into their margins and screwed them hard on pricing.
Guess a cap raise means the bonds are safe? Currently paying 21% pa
Also not worth the risk I think
They are on the same boat, Synlait could increase the price of products manufactured for the a2 Milk Company.
I think A2M buys the debt actually- looks like those court cases were a look inside the fractious relationship between A2M and Synlait and that’s now showing in SP. When egos collide eh?
As time passes I am expecting a capital raise more and more. What are people’s thoughts as to whether the ATM will spit out cash to partake in the capital raise, or will they let their share holding absolutely be obliterated? May play very well for bright dairy if they partake and buy extra at bargain prices. If bright don’t partake I feel any capital raise will be a disaster. last capital raise in 2020 both bright and A2 pre committed. I wonder when in a dispute how nice of a response synlait will get to the capital raising question from a2.