SM1 1.67% 29.5¢ synlait milk limited

Ann: Updated Synlait FY18 Annual Results Report, page-44

  1. 2,879 Posts.
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    I would not be surprised to see it drift lower because it's a long time until the next results and sentiment is negative what with it's link to atm and their recent poor management behavior. But long term I expect they will be back to nz13+. Hopefully medium or even short term after I top up.
    There is some concern that atm have approval for their Chinese labeled product but that the approval for English labeled will end in January and that this will affect the daigou trade but I don't expect it to be a big issue. The market has gone from seeing everything about China as a big positive to being overly nervous.
    Last edited by brahms: 11/10/18
 
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