Thursday, 02 May 2024 13:00

Takeover bid?

Written by Milking It

font size decrease font size increase font size
Print
Email

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

The listed company’s share price has dropped to 50c/share, valuing the company at only around $100 million. The share price has been travelling south despite the company working hard to sell off under-utilised assets and reduce debt.

Milking It reckons all this means a takeover bid could be around the corner. Watch out for Bright Dairy of China; it already owns 39% of Synlait and could easily fork out a couple hundred million to buy the company outright.

The Chinese know how to run successful dairy companies in NZ; just look at Westland Milk, which reported a record revenue of over $1b last financial year.

More like this

Greenpeace a charity?

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

Synlait's back

OPINION: After years of financial turmoil, Canterbury milk processor Synlait is now back in business.

Media pile on

OPINION: Staying on media double standards, another example of the woke media was on full display last week.

Double standards

OPINION: As soon as RNZ realised MP Andrew Hoggard's sister worked for Dairy Companies Association of NZ (DCANZ) and was, shock horror, lobbying government on behalf of its members, it wasted no time accusing him of not managing conflicts of interests.

Greenpeace in trouble?

OPINION: Is it the beginning of the end for Greenpeace?

Featured

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 preparation every time is the PGG Wrightson Seeds site.

Feed help supplements Canterbury farmers meet protein goals

Two high producing Canterbury dairy farmers are moving to blended stockfeed supplements fed in-shed for a number of reasons, not the least of which is to boost protein levels, which they can’t achieve through pasture under the region’s nitrogen limit of 190kg/ha.

South Island rural property market gains momentum amid strong milk price outlook

Buoyed by strong forecasts for milk prices and a renewed demand for dairy assets, the South Island rural real estate market has begun the year with positive momentum, according to Colliers.

Holstein Friesian NZ: Young breeders begin development journey

The six young cattle breeders participating in the inaugural Holstein Friesian NZ young breeder development programme have completed their first event of the year.

NZ feed producers urged to boost staff training for quality and efficiency

New Zealand feed producers are being encouraged to boost staff training to maintain efficiency and product quality.

Editorial: Taming Trump

OPINION: The world is bracing for a trade war between the two biggest economies.

National

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…