Ann: FY 20 Results Presentation, page-2

Wow, not pretty reading. While global lumber prices have been rebounding to quite decent levels, doesn't seem Midway / Australia is able to benefit as the prices in Japan/China are moving backwards. This company has serious issues though - beyond the price drops, they are shelving some of their capacity due to demand being so weak and don't forecast improvements until 2nd half of 2021! While their assets may be quite good (worth $150m, double their market cap), it seems they are planning to sell these to keep things going for next few lean years. Not sure what anyone would get out of this stock even at current prices.. GLTAH.