Tuesday, 06 February 2024 11:25

Share tumble

Written by  Milking It
Share tumble

OPINION: If you are an investor in listed Canterbury milk processor, Synlait then you may have a reason to be worried.

Synlait’s share price continues to fall and last week was trading around 81c. Compare this to two years ago when it was trading at $3.45/share.

One year ago, it was hovering around $3.56/share.

A run of poor financial results and a dispute with cornerstone shareholder and key customer a2 Milk Company have seen its market capitalisation drop 75% to around $177m.

Farmers who supply milk to Synlait will be watching nervously.

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