Intrinsic Value, page-16

From the annual report on October 26 (emphasis added):
" (Paris Creek) ... will pave the way for ongoing growth, starting with exploring the opportunities for Australia’s first biodynamic milk powders."

From the managing director's address on November 28 (emphasis added):
"The brands in the portfolio remain a compelling opportunity for growth in domestic markets through distribution gains and export markets which are new and emerging sectors."

"FY19 is a year of transition and growth as we invest in the business to underpin the long term growth of a portfolio of iconic Australian and international premium food brands."