All the bad news is already out in the public domain. The one thing that kills a share price is uncertainty. Although I expect the MG milk supply loss to expand to 10% to 15%. Mugs away!
Interesting to see on the attached Fonterra WMP sales graph that the forecast is to return to Dec16 levels.
http://www.nzxfutures.com/dairy/events/GDTWMP/details
The MG shemozzle has largely been caused by a falloff of Chinese demand for WMP. If WMP sales return to Dec16 levels will the MGC unit price also return to Dec16 levels?
Ooh baby.
$1.285? I laugh at $1.285!
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