True, what happened to the forward looking statements. The purchase of CDC was to meant to reap the following benefits:
1. CDC is the only boutique player with capabilities across milk, yoghurt, butter and cream
2. CDC has strong relationships with dairy farmers thereby ensuring secure access to an abundant supply of quality milk. Fresh raw milk is quickly and efficiently transported to CDC from supplying farms(typically w i thin 24 hours from CDC order)
3. CDC is committed to producing goods to the highest quality standards.The commitment extends to ensuring that all the necessary compliance and regulatory standards are met
4. CDC’s continued expansion into Asia is well supported by strong growth fundamentals
5. CDC is one of only two dairy companies in Australia with China Inspection Quarantine Certification (CIQ) for the rapid customs clearance of fresh milk and yoghurt into China
6. China and Asian export strategy is a key focus of management and is expected to be a key driver of future growth
7. Growth Opportunities – Domestic Markets
8. CDC has a growing blue chip customer base
Has management provided progress on the above to the shareholders since this was last announced a year ago. Unfortunately I cannot repeat some of the choice words used by Adele in her recent concerts.
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