We should get an update similar to previous years by months end, what we do know is that tonnes will be down on last year in some areas and up in others but quality is supposed to be good according to AGM comments.
Trading update should be good on increased bottle sales, smaller bulk low margin will flow through to increased margins overall and an uplift in profits, free cash flow will be up on last year on this plus added benefit of 6 months of Del Rios grape purchasing contract termination. (2.5 million benefit for 6 months)
Outlook will again update plans of dividend reintroduction and profit forecast last update was a 10 to 15% increase on last years profit.
AVG Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
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