As a reminder, MG will release its half yearly on Friday.
There are three things I expect to know.
1. Milk Intake Volume (I see about 30% lower than previous half)
2. Cost Reduction Progress ($10 to 15 million cost reduction implemented)
3. The amount of Write-down for MSSP (Possible $60-80 millions write-off)
My estimation: MG underlying NPAT for the half should be about $18-22 million.
2017 FY NPAT about $40-44million.
2018 FY NPAT about $48-50 million.
My view of the intrinsic value of MG is much higher than the current price.
Good luck to holders.
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