Ann: MG increases FY18 Opening Price and FMP Range, page-37

Here's hoping.

I would expect the unit price to be muffled up to June 30 due to holders realising MGC losses to cancel out gains on other investments for tax purposes.

Perhaps the unit price may move higher come Jul/Aug. I expect the FY17 A/Cs to be somewhat brighter.

The GDT price index began moving higher in Aug/Sep16. Management have always said it takes 3 months for price increases to filter through to profitability, hence the miserable 1H17 results. There may have been no stock writedown but a defacto one through disposals at low, low prices. A very disappointing sales result.

The new CEO seems text book in that he aims to understate the good and overstate the bad at every opportunity. He's slashed and burnt from the beginning to start his tenure from as lower base as possible.

I'm hoping for 90c minimum by the end of August.