SM1 synlait milk limited

Ann: Trading Halt, page-4

  1. 2,946 Posts.
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    How many redeemable bonds?

    Synlait have done this before but only seem to dig themselves deeper into the hole.

    Banker debt was NZ$244. So do they get enough bonds to clear bank debt. (Wasn't that what the last bond issue was for?)

    Add in another Nz$180m for subordinated unsecured bonds. But if you create bonds to pay off bonds at what point have you created a ponzi? And why would you create new bonds to pay these people off?

    On Tuesday Synlait will announce a loss. So how are they ever going to create enough profit to pay back bonds. Dairyworks clearly isn't selling and Talbot is worth nothing.

    Why go down the redeemable route?
 
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(20min delay)
Last
56.0¢
Change
0.000(0.00%)
Mkt cap ! $337.7M
Open High Low Value Volume
56.0¢ 56.0¢ 56.0¢ $2.246K 4.011K

Buyers (Bids)

No. Vol. Price($)
1 9000 54.5¢
 

Sellers (Offers)

Price($) Vol. No.
61.0¢ 6000 1
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Last trade - 16.10pm 16/07/2025 (20 minute delay) ?
SM1 (ASX) Chart
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