Reading through their recent presentation, debt goes down approx...

Reading through their recent presentation, debt goes down approx 37 mill with sale of non core assets which may include port melbourne property and shepperton property.
If I take bank interest out on 37mill, it is roughly 2mill+ savings.
I agree on sell down of non core asset but lease back of the same may cause long term rental pressure unless they move to a cheap rental location in suburbs.
Their consumer products are great and it is excellent move to cut on chemicals and use spare capacity on private brands. I would have thought, it would add value if the chemical brands are sold to a 3rd party to generate cash with an earn out clause like royalty on sale.
24 hour shift is labour costly with penalty rates and at some point I believe directors will look to move facilty off shore and make melbourne a packaging site. Sure super giants will put pressure on discounts for shelf space and this will always make this business find innovative ways. With directors having skin in the game I am sure they will not let this business go down the .....
DYOR