I reckon Aussie insto’s will take to SM1 just like a good latte
It’s a compliance listing only, just like A2M was with no capital raised, although I reckon it will take a while longer for SM1 shares to transfer from the NZX to the ASX this time, as they are quite tightly held. A year on though around half of all A2M shareholders are ASX listed.
Plenty of upside to analyst targets which will get taken up pretty quick I reckon.
I’ve researched Synlait for three years now, very good management dedicated to growth, open reporting, innovative R&D and exceptional B2B execution.
The outlook is on the up with GDT trends, new customers like Munchkins which Synlait see as the next lucrative A2M size venture for them, and good funding plans in place for the next $300m plant expansion. I would not be surprised to see a lift in guidance actually at the pending agm.
When I’ve asked CEO John Penno about research reports in the past he has said that NZ First Capital have a good relationship with them and keep their 50 page research report up to date, sounds like a fair place to start for those new to the co.
kind regards,
SM1 Price at posting:
$3.18 Sentiment: Buy Disclosure: Held
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