Half yearly results announced on may 21 2012. Hopefully, results are in line with guidance.
The big news will be the outlook considering the ATO win, forestry sales, great conditions for winter crop and normalizing of live cattle trade.
In terms of what the company should do regarding this cash coming in, definately paying off expensive short term debt and renegotiating covenants on the other debt considering our debt to equity should drop dramatically to under 40%.
The next issue will by the hybrids, the last item to sort out before foreign companies will salivate at the prospect of taking over this company.
We are trading at 25% of book value for gods sake. I have never seen such good value in a stock since the GFC.
Half yearly results announced on may 21 2012. Hopefully, results...
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