A month on, and it would be a nice time for another announcement from the company. One would think by now the revenue loss would be narrowed down, and some work into the P&L would have been completed to assess the companies position...
I am interested in whether additional debt will need to be taken on to weather this.
Because, as I have posted on the ING threads, the industry as a whole has a significant tail wind being that high rain fall has caused NSW winter crops to be significantly larger, thus reducing the grain price. Grain price is a considerable cost to FRM...
Again a real pity about this influenza and covid for an Aussie primary food supplier...
FRM Price at posting:
19.0¢ Sentiment: Hold Disclosure: Not Held
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