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Craigs sees ‘highly dilutive equity raise’ for Synlait

Although a sale of the troubled milk processor’s Dunsandel plant might be better for minority shareholders, this is unlikely to happen, say analysts.

Synlait’s Dunsandel plant could be worth $400m to $600m, said Craigs.

NBR Staff Wed, 17 Jan 2024

Synlait shareholders should be prepared for a large equity raise at Synlait, says broking firm Craigs Investment Partners in a research note forecasting a $5.4 million loss for the year to July.

The NZX-listed milk processor is facing a looming debt repayment deadline with $130m due to its bankers

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NBR Staff Wed, 17 Jan 2024
Contact the Writer: editor@nbr.co.nz
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Craigs sees ‘highly dilutive equity raise’ for Synlait
Investment,
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