Australia's largest stock trading and investment forum Australia's #1 stock forum

MGC

Click for more information

0.00%

43.0¢ mg unit trust

The best is yet to come?, page-5

First 5 Last

Share
Profile

Follow
Newry2

2,911 Posts.

1

15/05/16

13:26

Post #: 17770576
Share

Originally posted by Andyrooo ↑

There is an argument as to whether inventory needs to be revalued. This has already been done by virtue of the retrospective reduction in FMP. That's why farmers are so angry.

As an Accountant and Chairman, Tracy understands that any material adjustment is required to be disclosed ASAP. I note his reference to adult milk powder's long life as evidence that there is overcapacity that will carried through on the Financial Accounts and for some time.

As a fascinated observer, recent Unit purchaser and Accountant, I can only determine from all the information made public that MG will report a profit for 2016 close to $50 million and the Unit price will resettle around $1.40.

Expand

Exactly. Product which sells at 7500 per ton has been given a book value of 2200. However, sales have returned to normal and aid has dropped.

MGC Price at posting: 97.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 538 more messages in this thread...

First 5 Last

Add MGC (ASX) to my watchlist

SPONSORED BY