Wednesday, 04 October 2023 13:15

Takeover talk

Written by Milking It

font size decrease font size increase font size
Print
Email

OPINION: Could Canterbury milk processor Synlait be a prime candidate for a takeover bid?

The listed company’s share price is hovering around $1.28/share.

Some analysts note that the projected fair value for Synlait Milk is NZ$2/share, based on 2 stage free cashflow to equity. The current price suggests Synlait is potentially 36% undervalued.

The 2023 annual results announced by Synlait didn’t really set the world alight. The feeling is that it’s crunch time for Synlait: either it shapes up or will be shipped out via a takeover bid.

More like this

Greenpeace a charity?

OPINION: Should Greenpeace be stripped of their charitable status? Farmers say yes.

Synlait's back

OPINION: After years of financial turmoil, Canterbury milk processor Synlait is now back in business.

Media pile on

OPINION: Staying on media double standards, another example of the woke media was on full display last week.

OPINION: As soon as RNZ realised MP Andrew Hoggard's sister worked for Dairy Companies Association of NZ (DCANZ) and was, shock horror, lobbying government on behalf of its members, it wasted no time accusing him of not managing conflicts of interests.

Greenpeace in trouble?

OPINION: Is it the beginning of the end for Greenpeace?

Featured

Farm Without Harm issues safety alert on fertiliser bag handling

Recent rain has offered respite for some from the ongoing drought.

Farmers urged not to be complacent about TB

New Zealand's TBfree programme has made great progress in reducing the impact of the disease on livestock herds, but there’s still a long way to go, according to Beef+Lamb NZ.

GNS Science urges action as drought threatens New Zealand's freshwater resilience

With much of the North Island experiencing drought this summer and climate change projected to bring drier and hotter conditions, securing New Zealand’s freshwater resilience is vital, according to state-owned GNS Science.

Editorial: Making wool great again

OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.

Wonky Box expands service to rural New Zealand

For Wonky Box co-founder Angus Simms, the decision to open the service to those in rural areas is a personal one.

West Auckland's orcharding legacy celebrated in new book tracing industry history and urban impact

The golden age of orcharding in West Auckland was recently celebrated at the launch of a book which tells the story of its rise, then retreat in the face of industry change and urban expansion.

National

Co-existence with genetic modification 'possible'

Co-existence of genetically modified (GM) and non-GM plants in New Zealand industries will be challenging, but is achievable, a review…

Finalists named for Fonterra Dairy Woman of the Year

Three farmers making contributions to the wider dairy sector have been chosen as this year’s finalists for the prestigious Fonterra…

Lame stories from a country vet

Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s…