Review of official China reports from our province in China indicates we should get a good increase in volume of various fruits and some good price increases. There has been quite favourable weather.
.mind you the season is running a little late and full results wont be known till late jan.but we should get a indication of likely volumes in tonnage....we need to have total revenue to top 1bill Yuan nearing $2oomil AUD with a profit of $90-$95mil aud. This should put some greater confidence into the company.
Because of the opt out div reinvestment plan which resulted is a very high uptake it is going to be hard to get past the 23cps. which is still very good.
I will say again ...with the almighty cash flow generated again they ought to do a buy back to improve the underlying earnings per share. Some more attention to Australian plantations and selling aussie products thru their outlets )referred to in many reports ,but so far have not consummated any deals.
Sooner or later they may appoint a local director as promised at the last AGM.
Harvest update now due.what to expect
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