Yeah that's disappointing. Morgans early last year had FY19F at $551M!
I caught the tail end of the conference call.
Big growth and higher margins in the nutritional business, particularly adult nutrition.
They need to increase dairy milk throughput to expand nutritional capacity. For dairy proteins, FNP has commitments for the sale of all its available capacity into FY20.
This is the end of the cap ex. Lets see how the insto's react after tipping in not that long ago..
Some great growth numbers in some of their brands like messy monkeys, heritage mill and milk lab.
Like you said, down before it goes up. Patience required.
Ann: Trading Halt, page-8
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