I disagree, I see this as good news, not great but good. Cash flow will be freed up for 9 months and given the sourcing issues early delivery would have resulted in surplus capacity.
Sorting the margins out should be the number one process. I am very keen to get my hands on the FY16 financials to see what the FCF numbers are like.
My desire is still for WLD to not pay a dividend this year to strengthen their balance sheet and not go down the same path they were going pre-listing.
Ann: Reschedule of Delivery of M/V Ocean Kelpie-WLD.AX, page-19
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