@Hopeful9 interesting that note thanks I've been doing some very...

@Hopeful9
interesting that note thanks

I've been doing some very rough numbers, I'm thinking they'll be sitting at around their through the cycle EBITDA, but not sure what overall tonnages they relied on for that forecast....of course with lower exports it will alter margins, but I don't know if exports will drop off as much as thought a few months ago... what with the improved seasonal conditions. Higher charges for grain handling will help, but their costs also have risen e.g. wages and electricity. Margins on grain marketing have generally pulled back I believe but there were a few short periods of better times I think. @NBC is that correct?

@Portsmouth might have some good information here?

if they are sitting around the $320m EBITDA , they are still pretty good value at about 5 times that....upcoming crop looking promising at this very early stage

I do hope the budget on the oilseed plant in W.A. doesn't blow out too much