SML - Synlait Milk Ltd

**Toddy** · Today, 08:54 AM

This company provides plenty of lessons over and over for investors.
It basically ticks almost every box imaginable on why you should not invest and how to lose money investing.

**Newman** · Today, 10:09 AM

Originally Posted by winner69

Seems Synlait management still have no idea what’s going on

Guidance withdrawn …but we’ll fiddle with ebitda numbers to give the bank the $45m they promised

Incredible

http://nzx-prod-s7fsd7f98s.s3-websit...597/422859.pdf

Synlait's performance will remain unsatisfactory until a capital raising is completed to pay off a large part of its debt and Pokeno stops losing money. This situation is well known before the $130 m loan vote.

**bull....** · Today, 10:36 AM

Originally Posted by Newman

Synlait's performance will remain unsatisfactory until a capital raising is completed to pay off a large part of its debt and Pokeno stops losing money. This situation is well known before the $130 m loan vote.

exactly. downgrade again is no surprise

**Rawz** · Today, 10:49 AM

Originally Posted by bull....

exactly. downgrade again is no surprise

SML reaffirmed guidance only 6 weeks ago. So it really is a surprise. Like W69 says SML management really have no idea what is going on in their business

**bull....** · Today, 10:57 AM

Originally Posted by Rawz

SML reaffirmed guidance only 6 weeks ago. So it really is a surprise. Like W69 says SML management really have no idea what is going on in their business

read the announcement. due to costs of strategic review and shipping delays. if you didnt believe that a furthur softening in demand is possible then you have not done your homework as they said this was possible as well in previous announcements