Am I simplifying but why wasn't the high AUD to USD mentioned as an issue 2007/2008?
Was it because Neptune was turning a profit back then?
What does that make blaming the high USD now?
Surely not a convenient excuse?
Whatever happens this much we know for this quarter: 1. Ramadan has passed with no contracts announced. 2. Ships appear to have been mostly stationary. 3. AUD getting higher. 4. Significant debt.
At this stage I would predict the half year reports will be very grim reading unless we see a stellar next quarter.
NMS Price at posting:
8.8¢ Sentiment: Hold Disclosure: Held