Media Updates, page-8165

Not sure you can use the graph for much as it is not really indicating much at all. we already knew about the drop off in demand.

The whole report is fairly cloudy without really giving much insight to what the previous downgrade from both SM1 and A2m gave previously and on top of that the Sm1 figures are further clouded by the integration of Dairyworks which skewed inventory/sales results. The downgrades coming in the shoulder season has also skewed some of the figures, the 61% figure will be jumped on by some but this is a misleading figure because of this.

The increase in China label is probably about the only positive in the whole thing otherwise nothing we did not know.

More of the same for the share price unless A2m management play a different game besides crikets which I don't think they will as at this stage there probably has not been enough change to give any updates, but i guess even a few words like we are starting to see a slight recovery may be enough to steady the ship.