I'd roughly estimate that have a cash balance somewhere between $600-650M NZD.
I doubt they will be issuing any dividend based on the most recent capital management wording, but having said that if they do not announce any clear investment/acquisition plans then it will certainly raise a lot of questions. Particularly if the cash flow situation is improving.
My guess is that they will announce an acquisition or investment somewhere along the supply chain, for instance like an ingredients supplier like Clover Corporation (CLV) or something more mundane like a packaging company, to help increase efficiencies, capture more margin etc. I guess there is also the $120M planned for an MVM blending and canning facility to factor in in the next year or two.
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