Tuesday, 06 February 2024 11:25

Share tumble

Written by Milking It

font size decrease font size increase font size
Print
Email

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.

Featured

Jo Sheridan is Fonterra Dairy Woman of the Year

Waikato farmer, and Owl Farm demonstration manager, Jo Sheridan is the 2025 Fonterra Dairy Woman of the Year.

Outlook for dairy strong – ag trade envoy

New Zealand’s special agricultural trade envoy Hamish Marr believes the outlook for the dairy sector remains strong.

Being a rural vet is ‘fantastic’

Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s New Zealand Veterinary Association Te Pae Kīrehe (NZVA) awards.

Editorial: Long overdue!

OPINION: The Government's latest move to make freshwater farm plans more practical and affordable is welcome, and long overdue.

Arla to offer European-sourced skim milk powder on GDT Pulse

Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.

NSW approves virtual fencing on farms

Farmers in the Australian state of New South Wales will soon be able to use virtual fencing and herding technology to boost farm productivity.

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…