Ann: LON 1H18 Results Announcement, page-26

The poor share price performance over the last few months has surprised me given the general strength of dairy. Perhaps it's still too under the radar. It seems you need to be filing 4C's these days to attract any of the herd... I think the steady-as-she-goes approach will work well in the long term but at the same time I think the company would be wise to trumpet some of its achievements once they start to materialise. For example the factory upgrade was completed in FY16, they produced 10m litres in FY17, so they should be able to say they are run-rating at [20? 25? 30?] on a monthly basis. Same goes when they sign new distribution agreements. Recent disasters aside (BIG, GSW), the small end of the market does require a higher level of communication to maintain investor interest. It just goes with the territory.