fbpx
Print this page
Wednesday, 04 October 2023 13:15

Takeover talk

Written by  Milking It
Takeover talk

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

Less hot air

Less hot air

OPINION: Farmers won't get any credit for this from the daily media, so Milking It is giving the bouquets where they’re due.

Dollars go offshore

Dollars go offshore

OPINION: The Advertising Standards Authority’s 2024 report revealed that not only is social media rotting our brains, it is also taking a growing chunk of New Zealand’s ad revenue offshore.

No to pines

OPINION: Forests planted for carbon credits are permanently locking up NZ’s landscapes, and could land us with more carbon costs, says the Parliamentary Commissioner for the Environment (PCE).

Cut with care

OPINION: NZ farming is built on hard work, but also on innovation, a lot of which came about thanks to a focused scientific effort over many decades.

Greenpeace a charity?

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

Popular Reads

Featured

ANZCO Foods' net profit plunges

ANZCO Foods' net profit plunges

Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.

Editorial: Forest for the trees?

OPINION: Most people will be aware of the Government's plans to boost coal, oil and gas production to meet energy requirements.

Protest planned outside dairy awards venue

As the dairy industry prepares to celebrate its top achievers at an awards night this Saturday, attendees are being warned to be aware of protests planned outside the venue – Baypark Arena, Mount Mauganaui.

National

Machinery & Products

Gongs for best field days site

Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive…