I use stock doctor!Just checked the past fundamentals.Profit and...

I use stock doctor!
Just checked the past fundamentals.
Profit and loss including last HY is very strong.
Probably because they have lots of cash to underpin result.
Cash flow has changed. Company reported a rapidly changing China nutritional market. Strong growth that was experienced in past is now flat. Cross boarder trade has been disrupted significantly.

However there have been gains in China Label and Australian fresh milk.
I can only hope pandemic turns for the better soon and travel returns for those double vaccinated people.
Foreign students can make some cash to pay their way by reselling product.
If a company produces a negative change in cash flow over the year, then this development puts a significant strain on the business to meet its short-term commitments. A reduction in the amount of cash in the bank is an increased risk, particularly if a third party needs to be paid in the short term.
However the purchase of 75% of Mataura Valley milk is a valuable asset and can be mortgaged if cash is needed.

Lets bring on the share buy back and strengthen the balance sheet.
Management need to be bold and active and use the cash now.
Time will return the world back to normal and we can get back to our normal lives out of lock down.
At $5 something this is an opportunity for those that can wait!