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