fbpx
Print this page
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.

More like this

Takeover bid?

Takeover bid?

OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.

Critical industry?

OPINION: There's an outpouring of concern over the parlous state of one of our major industries.

Wrongheaded

OPINION: Food security is a sore point in the UK, as a direct result of its National Food Strategy, and there’s a lesson in this for other food producing nations like NZ: government meddling in farming is a very bad idea!

Popular Reads

Milk price certainty

Westland Milk has reaffirmed its commitment to pay farmer suppliers 10c above Fonterra farm gate milk price for the following…

Farmers fined for cattle abuse

A Waikato cattle farming family have been fined $23,000 for failing to provide sufficient food and care for their animals,…

Featured

Fonterra appoints new CFO

Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.

Rural GP's inspiring legacy

The legacy of Dr Peter Snow continues to inspire as the recipients of the 2023 and 2024 Peter Snow Memorial Awards were announced at the recent National Rural Health Conference.

National

Green but not much grass!

Green but not much grass!

Dairy farmers in the lower North Island are working on protecting next season, according to Federated Farmers dairy chair Richard…

Council lifeline for A&P Show

Christchurch City Council and the Canterbury Agricultural and Pastoral Association (CAPA) have signed an agreement which will open more of…

Struggling? Give us a call

ASB head of rural banking Aidan Gent is encouraging farmers to speak to their banks when they are struggling.

Machinery & Products

Tractor, harvester IT comes of age

Tractor, harvester IT comes of age

Over the last halfdecade, digital technology has appeared to be the “must-have” for tractor and machinery companies, who believe that…