SM1 2.94% 35.0¢ synlait milk limited

Is this in response to the settlement? I am not aware that there...

  1. 2,931 Posts.
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    Is this in response to the settlement?
    I am not aware that there has been a settlement - despite Clements earlier stated confidence. Maybe its the frustration at a lack of settlement that is concerning the market.

    I wouldn't be opposed to him going. After all he had a tough act to follow when Penno stepped away.
    I would be instantly interested in buying back in on news that Clements is gone. (Where I can, I like to support local companies - but think SML is now just turning into an over-expensed, capital intensive commodity manufacturer). I don't buy the "tough act to follow" line - Penno left him with a very solid base along with a very rosy future supplying A2M. At worst he should have maintained SP / capital value. Ignoring a Cease and Desist falls directly on Clements shoulders as well as the recent purchases and over-extension of lending.

    I wil give him some credit. Some expenses have been reigned in - not all milk tankers on the road are the new bright pink.

    Just quickly @minimoke any thoughts on KTD?
    Sorry, none at all. ATM, SML and other local milk companies are enough for me to watch
 
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