wheat came down significantly already from 560 to 470 which is the average of the previous years when company managed to achieve profitability. Anyway I would not count for management to provide any detailed plan/strategy at agm etc. Forget that.
In regards to profitability...who knows, if inventory started to balance out from march onwards then there should not be much impact. Main CAPEX is out of the business hence we should some cash flowing in if they did not screw anything else. Npat? $7 mil maybe? if they managed to achieve $4.4mil in H1 then $2.6 is not asking for much in H2.
Anyway seems like we are stuck between 1-1.3 for a long long time unless they pay divvy or acquire something but probability of this happening is like finding life on Saturn.
FRM Price at posting:
$1.13 Sentiment: Hold Disclosure: Held
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