Ann: FOD delivers $7.3m EBITDA improvement, page-12

There are a number of things that FOD didn't update us on, but in a sense that gives me some hope that they are focussed on their core business and growing and stabilising that. For example, they no longer pushed export as a possible future income stream. My attitude is that this report was positive in nearly all areas, sales, profits (especially) and cash (less so) and that should mean the SP slowly rebuilds in line with confidence. I'm still looking forward to Wise Owl's research and comments as a positive outlook here should also give confidence.