Interesting that Blackmores came out with a more bleak outlook for both the half yearly results and 20FY outlook and went down 17.7% this week compared to 21% at Synlait.
Is Synlait oversold? RSI would suggest and given it closed the week at its lowest ever level it may present the long term opportunity that some big players on the outside were waiting on.
Has Synlaits performance been poor? Very much so, however the opportunity is there for management to act and turn this ship around.
Even at the lower end profit guidance level of NZ$70m (EPS NZ$0.39) it still is only trading at a PE 16.4
GLTAH and DYOR
Ann: Synlait updates full year 2020 guidance outlook, page-62
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38.5¢ |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 162705 | 37.0¢ |
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| 38.5¢ | 14999 | 1 |
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