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How to buy Synlait Milk shares (SML)

Learn how to easily invest in Synlait Milk shares on the NZX.

Synlait Milk Ltd is a New Zealand dairy company that produces a range of milk products. Shares in the company (SML) can be traded on the New Zealand Exchange (NZX). Keep reading for your step-by-step guide to buying Synlait Milk shares.

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How to buy shares in Synlait Milk on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Synlait Milk. Find the stock by name or ticker symbol: SML. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Synlait Milk reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Synlait Milk, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Synlait Milk. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Synlait Milk overview and background

Established in 2000, Synlait Milk Limited is based in Canterbury. Its history began with the purchase of the Robindale Dairy Farm by three entrepreneurs, and Synlait Milk was launched in 2005. Its new Dunsandel manufacturing plant started processing milk in 2008, while the company was listed on the NZX in July 2013.

Synlait acquired Auckland’s New Zealand Dairy Company in May 2017, and commissioned a new blending and packaging facility at this site in November of the same year.

Today, the company employs around 700 people and works with 200 milk suppliers to create its milk and infant formula products.

Performance and company results

Synlait Milk Limited released its annual report for the 2020 financial year in October 2020. Key results in the report included:

  • Revenue of $1.3 billion (an increase of 27%)
  • EBITDA of $171.4 million (an increase of 13%)
  • Net profit after tax of $75.2 million (down by 9%)
  • Gross profit of $203.7 million (an increase of 9%)

Key details

NameSynlait Milk LimitedIndustryPackaged Foods
Ticker symbolSMLISINNZSMLE0001S9
TypeOrdinary sharesDate listed on NZX23 Jul 2013
End of financial yearJulyChief executive officerLeon Clement
Disclaimer: This information should not be interpreted as an endorsement of stocks, ETFs or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Stocks and ETFs trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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