Synlait Milk: Stuck in the Mud
Synlait Milk's (SML) second FY23 NPAT guidance downgrade in the space of six weeks provided another timely reminder of the significant operating...
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Synlait Milk (SML): Guidance Downgrade (Again!)
Synlait Milk (SML) has this morning (again) downgraded its FY23 earnings guidance range to between a net loss of -NZ$5m and a net profit of NZ$5m –...
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Synlait Milk: 1H23 Result — Curdling Continues
Following on from Synlait Milk's (SML) material FY23 NPAT downgrade on 17 March 2023, the 1H23 result showed (1) its opex base is much higher than...
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Synlait Milk (SML): 1H23 Result – Initial Impressions
Synlait Milk (SML) has released a disappointing 1H23 result with reported NPAT of NZ$4.8m, versus our forecast of NZ$5.5m; Gross profit was higher...
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Synlait Milk: As Clear As Milk
Despite confirming consensus expectations less than three months ago, Synlait Milk's (SML) -60% FY23 NPAT downgrade again highlights (1) the high...
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