SM1 1.64% 31.0¢ synlait milk limited

Ann: Synlait Annual Meeting 2019, page-11

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    To be fair, they did give forward earning guidance - which was no change to current guidance.

    But in essence I agree with you. There has been a lot of emphasis on their costs eg 50/50 gender split, their "sustainabilty" position, their recruitment costs etc. Lots of smoke and mirrors in an environment of ever increasing debt - debt to the point they now have to raise case through subordinated unsecured bands. No questions from the floor on this issue - holders are too docile! Why would I help SM1 out with an unsecured loan - madness!
 
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