Agree, seems Synlait specific. A look at their debt covenants, bonds due in next 3-6months, and cash position suggests that could be the reason for the trade halt. Potentially it's also to do with the forecast (unnamed) new customer. Or SAML but I'd expect A2M to have halted as well if that was the case. Regardless of A2M's ownership stake in Synlait, it's in our interest that the business is not in trouble because of the reliance on them for IF supply.
Synlait, page-15
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Last
$6.60 |
Change
-0.045(0.68%) |
Mkt cap ! $4.800B | |||
| Open | High | Low | Value | Volume |
| $6.58 | $6.61 | $6.57 | $1.251M | 189.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 6681 | $6.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.60 | 658 | 6 |
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| Last trade - 10.25am 08/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |