SML - Synlait Milk Ltd

[blackcap]

It's a small win for those who paid lottery ticket prices for the shares or bonds.

For the retail shareholders who paid a premium to NTA for a solid business, liquidation value should've been their worst-case outcome. But now they're unlikely to get that.

Liquidation value might have been zero.

I think any shareholder, whether you got in at $5.00 or recently at $0.25, can be happy with the recapitalization effort that has been achieved. There is now a going concern going forward.

Did shareholders, really want a 4 for 1 at $0.25? How would that have helped anyone?

[bull....]

i had liquidation value over $2 so was a screaming buy in the 20s. anyway should move higher to 60c easliy now bright running the show

[blackcap]

I am holding onto my purchase in the early 20's and will wait for the (inevitable?) Bright takeover at about $1.

[bull....]

settling down at mid point of 43/60

[sunnysleeper11]

i had liquidation value over $2 so was a screaming buy in the 20s. anyway should move higher to 60c easliy now bright running the show

im screaming I didn't buy
your valuation - is this assets minus debt (essentially)?

[bull....]

im screaming I didn't buy
your valuation - is this assets minus debt (essentially)?

thats a basic way to do it. anyway i added in a premium for dunsendel.

of course why it might look like this on paper in reality things can turn out different , just look how they had to write down dairyworks when no buyers apperared. anyway there assets would have to have been written down rediculously to get anywhere near 20c.

still risky business as bright dairy need to turn it around so that take time and maybe more money from bright ?

[Newman]

It seems that Synlait share price stabilized at around 46 cents. Who would complain about the capital raise placement to A2m?