The rampers were right to ramp - back in the day! A nice little earner.
And, now, the party is most certainly over, bar a miracle.
Printable View
They took another $63m hit on the ‘investment’ in Synlait
In Other Comprehensive Income so doesn’t really count …but impacts reported Equity
as expected result as forecast by bull last week. that is not too good
did you read the results? They are actually extremely good and even more so considering the situation in China.
forecast doe next year is grim but it has an air of under promise, overdeliver but the environment they’re working in will be by far the harshest seen before
No dividend or further share buyback - place your faith in the directors and management to do the right thing with the cash.
With their track record, would you?
Hope they aren't thinking of spending anymore cash investing in Synlait.
This doesn’t bode well … in the media re Stats NZ release
New Zealand infant formula exports halved in July from a year earlier, compounding a 13% decline in the price simultaneously.