Manuka!!!!!, page-122

Brent, thanks for posting this. I agree cash flow for 6 mths to 31-12-16 looked weak, but the inventory increased by 90%. The increased debt mainly went to fund this increase plus acquisition costs for Kirksbees (producer of Manuka honey). Hopefully, sales to Asia will increase steadily as will margins on prestige products. There should be a sizable increase in NPAT for full year. Personally, I am not too fussed about the dividend at this time provided the company continues to grow its earnings. All in IMHO and GLTOH.