Synlait Milk Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

OTCPK:SMLK.F Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
01 Oct 24	BuyUS$116,162,117	Bright Dairy Holding Limited	Company		308,333,333	US$0.38

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of SMLK.F?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	9,184,578	4.2%
General Public	34,962,285	16%
Public Companies	43,352,509	19.8%
Institutions	43,963,225	20.1%
Private Companies	87,119,064	39.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 83.91% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
39%	Bright Dairy Holding Limited	85,266,605	US$67.5m	0%	no data
19.8%	The a2 Milk Company Limited	43,352,509	US$34.3m	0%	no data
5%	Fidelity International Ltd	10,918,989	US$8.6m	0%	no data
3.61%	Accident Compensation Corporation, Asset Management Arm	7,881,712	US$6.2m	710%	0.26%
2.92%	New Zealand Funds Management Ltd.	6,381,425	US$5.1m	488%	33.39%
2.46%	Chester Asset Management Pty Ltd	5,380,000	US$4.3m	279%	no data
2.34%	John Penno	5,109,803	US$4.0m	0%	no data
1.53%	The Vanguard Group, Inc.	3,347,122	US$2.7m	4.99%	no data
0.9%	L. Keeper	1,975,000	US$1.6m	0%	no data
0.85%	Apex Group Ltd.	1,852,459	US$1.5m	0%	no data
0.74%	Smartshares Limited	1,621,026	US$1.3m	0.95%	0.06%
0.73%	State Street Global Advisors, Inc.	1,589,389	US$1.3m	-28.5%	no data
0.68%	Norges Bank Investment Management	1,491,175	US$1.2m	34.2%	no data
0.63%	Devon Funds Management Limited	1,386,719	US$1.1m	0%	1.0%
0.54%	New Zealand Superannuation Fund	1,183,682	US$937.4k	0.01%	0.04%
0.42%	Dimensional Fund Advisors LP	921,571	US$729.8k	-18.8%	no data
0.41%	Castle Point Funds Management Ltd.	901,414	US$713.8k	0%	1.65%
0.41%	Therese Roche	900,000	US$712.7k	0%	no data
0.24%	Paul Lancaster	527,812	US$418.0k	0%	no data
0.24%	Bronwyn Lancaster	527,811	US$418.0k	0%	no data
0.17%	Harbour Asset Management Limited	368,054	US$291.5k	0%	0.05%
0.11%	Aspiring Asset Management Limited	250,000	US$198.0k	0%	0.1%
0.05%	Russell Investment Management, LLC	108,953	US$86.3k	0%	no data
0.048%	AMP Investment Management (N.Z.) Limited	104,459	US$82.7k	0%	0.04%
0.03%	Ruth Richardson	66,025	US$52.3k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/10/21 06:51
End of Day Share Price	2023/07/24 00:00
Earnings	2023/07/31
Annual Earnings	2023/07/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Synlait Milk Limited is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jonathan Snape	Bell Potter
Richard Barwick	CLSA
Sean Xu	CLSA