I have no idea how to interpret a loan from Bright - why would they agree to it? They do not receive any further equity and when/how would it ever be paid back?
Does it give Bright some other form of leverage in the situation ?
Hardly inspiring that Synlait can't offload Dairyworks and their financial performance deteriorated even further. I guess the only silver lining is that it was NOT due to any change in demand for infant formula.
Chart Update, page-25014
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Last
$6.85 |
Change
0.170(2.54%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.73 | $6.89 | $6.73 | $10.55M | 1.548M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10450 | $6.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.89 | 10276 | 2 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |