Taking a sip at Keytone Dairy, page-70

@Transversal @madamswer @zhanginu @T.E.P. and others

Does anyone have an opinion on capex needs going forward? On the surface, this looks like a capital intensive manufacturer in a highly competitive space - even apart from the contract manufacturing element.

I may be wrong - I am not familiar with the business - but at a superficial level, this would seem a natural conclusion.

Incidently (for what it's worth) - I note in the latest HY report that the reported PPE depreciation is very low relative to the PPE on the books.