If things pan out for Synlait, the wait will be worth it

If things pan out for Synlait, the wait will be worth it
(Image: Supplied)
Rebecca Howard
Investors are clearly impatient with Synlait Milk but is it really that bad? Yes, a two-year recovery is now a three-year recovery, but it’s still a recovery. There are definite signs of discomfort. The stock has fallen 14.6% this week alone – despite the well-signalled dismal result. It last traded at $2.05. The $180 million five-year 2024 bonds, which have a face value of $1.00, are now yielding 9.35% with a coupon of 3.83%. The bond yield means those bonds are changing hand at 91.5 cents on the dollar. It&rsqu...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024