This report is for 2019 and has no allowance for effects of COVID-19. The drop is Aluminium proce is good but is far offeset by the hammerimg the AUD has had. they forecast AUD to drop to 0.67 and remain or strengthen it is now nealry 0.60.
Material now more expensive and a decrease in demand is not great but they have some cash to ride this out. Automation improvements should prove very timely now. I'm not selling. in my opinion they are very undervalued at PE of under 3(based on previous year earning)
This report is for 2019 and has no allowance for effects of...
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