Debt is equal to equity now, so interest costs will bite even more. Downturn in the agribusiness sector, housing and construction downturn, high and continuing capexes with lot of D&A to come... it all feels like a perfect storm brewing. I think we will have a drawn out period of sustained weakness. By the way, they never told us how much was got from asset sales and what is the plan for managing $60m of debt.
Ann: MXI H1 FY19 Investor Presentation, page-2
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