Half yearly result on Friday.

  1. 370 Posts.
    lightbulb Created with Sketch. 72
    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.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.