Synlait equity raise unlikely to help, say analysts
The debt-burdened milk processor has a shareholder loan and says it is working on an equity raise, but it won't be enough, says a Forbar note.
A sale of Synlait's Pokeno assets is 'necessary' but will come at a big discount, say analysts.
Plans for a capital raise by debt-stricken milk processor Synlait have been greeted with scepticism by analysts at Forsyth Barr, saying it is unlikely to have any material effect.
In a research note issued on Wednesday, Matt Montgomerie and Benjamin Crozier said a sale of Synlait’s North Island
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