I hope you are correct but not entirely convinced for the following reasons. I expect a small profit or breakeven
* Riverina milling assets will not be fully utilised and hundreds of staff have sadly been let go costing the company alot of money. The company will also not be able to fully recover finance charges or brand charges from Riverina farmers approx $24m last year. It will be interesting to see how much they recover this year compared to last year...
* If the drought persists, Sunrice may have to review and reconsider their Riverina Milling Footprint
However, management expects to pay a dividend perhaps implying a small profit.
Good luck - I have averaged down to around $4.10
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ricegrowers limited
Ann: SunRice Presentation ASX CEO Connect Event, page-17
Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
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