SMT ‘s update is not cause for alarm for A2 milk.
in HY 21 report, it showed $200 million of inventory as at 31 dec 20. Previous report showed $150 million in inventory.
Mngt obviously wants to run down this stock first so they have directed Synlait to go slower in production until inventory is more balanced.
This is also good for free cashflow generation especially when they need to settle MVM acquisition at end of May 21.
we may also reverse the stock provision if solid sales momentum is achieved.
SMT ‘s update is not cause for alarm for A2 milk.in HY 21...
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