Fib, I am not sure whether you are aware, but CLV sales have...

Fib,

I am not sure whether you are aware, but CLV sales have been affected by contaminates in imported milk powder - the very ingredient that is supposed to attract a premium (quality). The asian market has been affected by poor domestic product and, now with the 'Fronterra' incident, imported product too. Its clear that the return to normal trading conditions will take a lot longer than 12 months and is not a short-term trend.

Having said this, I recently spent some time with the company and have turned very bullish on the stock. This is the stock you'll want to be in given the eco-environment.