What's the deal with Synlait? Obviously S are getting hammered on costs. A2m had a 47% margin in the last report.
I believe their contract lasts until 2025- Synlait is saying that their recovery plan is now three years - which takes them past the end of their contract with A2M - based on the 19/11/19 announcement. Sounds like there will be some big price hikes coming. If A2M has had a big win from the contract, that may undo? Does anybody know anything about the contract details? Might also be an interesting aspect of SM1's value too.
cheers in advance if you do know and respond.
Synlait
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