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OPINION: Synlait's woes continue to drag the company down. The listed milk processor’s share price dropped to an all-time low of 30c last week, valuing the company at around only $65 million, a huge slump from its peak value.
Over the past year alone, the share price has lost 82% of its value, leaving the troubled company with a market capitalisation of only $65m.
There are only two options for Synlait. Either it has to sell assets or it has to raise more share capital.
But no one wants to buy its $400m under-utilised Pokeno plant and not too many shareholders are keen for a capital raise either. Something has to give.
OPINION: A mate of Milking It’s was recently walking down the main street of the hub of the Horowhenua, Levin, when he saw a ‘pop up shop’ designed to show locals the new toll road bypass from Otaki and past Levin.
OPINION: Donald Trump may fancy, and like to get, a Nobel prize for peace, but his chances of getting on for history is mission impossible.
Canterbury milk processor Synlait is confident of retaining its farmer supplier base following a turnaround in its financial performance.
Next month, the Beef Breeder Forum is set to give farmers an opportunity to hear about the latest developments in the beef industry.
ACC and Safer Farms have announced a new partnership in an effort to reduce harm, injuries, and fatalities in agriculture.
A Franklin dairy farmer has inched closer to national victory after being crowned Northland’s top young farmer.
Dairy and beef farmers could be eligible for lower interest lending options for financing Halter on their farms, with ANZ, ASB and BNZ now offering a pathway to sustainability loans for New Zealand’s largest virtual fencing provider.
OPINION: Will the latest science reforms make the difference that the government hopes?
Increased farmer spending on genetics and animal health has boosted LIC’s half-year profit.
OPINION: Is Canterbury milk processor Synlait back in business?
OPINION: The fate of methane inhibitor Bovaer in NZ farming is still up in the air.
