SM1 has already started the process of diversifying. One misstep can cause lot of problems to both organisations.
We saw the result of one wrong step by CEO of A2M and the effect on both companies SP . Honest discussions will convey the message to the management and modify their decision making behaviour. I think SM1 is a fantastic company and has great potential. I think investor presentation skill by the company, to be improved . Cautionary statement for future, should be put in Outlook space. Rather they put it immediately after achievement. That didn't allow the readers to appreciate the achievements to the fullest extent. Hence market
reaction was negative when results were released
Ann: Updated Synlait FY18 Annual Results Report, page-28
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Last
29.5¢ |
Change
0.020(7.27%) |
Mkt cap ! $60.10M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.5¢ | 27.5¢ | $10.30K | 35.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 12150 | 3 |
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| SM1 (ASX) Chart |