Very solid report, a lot to like here going forward.
The only statement that the forward thinking market could temporarily mark us down on that I could see would be this statement.
We do not anticipate any significant impact to gross margin percentage during FY19 as a result of recent increases in dairy pricing as reflected in Global Dairy Trade Indices. However, these increases are likely to have some impact to gross margin percentage in FY20.
This, coupled with for traders, sell in May and go away and the usual upcoming pre election market retrace could give LTer’s like me a chance to top up sub $14, IMO. Could we get so lucky, I hope so!
Ann: Presentation to Macquarie Australia Conference 2019, page-15
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| Open | High | Low | Value | Volume |
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