SM1 4.76% 22.0¢ synlait milk limited

Its a NZD$200m Capital Raise, page-9

  1. 456 Posts.
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    Recent uptick pre-HALT was good opportunity to exit.

    Even after Bright and A2M taking their mandated % in the issue, it is big volume of new stock they are issuing to already oversupplied market. We will soon see SP tracking below $4.70, and may head towards $4.30 level.

    https://hotcopper.com.au/data/attachments/2638/2638186-35e19e914f1f90821d077fd590788001.jpg

 
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