Ann: Namoi Cotton Strong Half Year Results, page-5

Thanks Plough...as i have said before, I like NAM for the Corporate play that imo is inevitable - the restructuring of the current "coop" structure and new major shareholders Kaplan/Corrigan (and others) exerting influence for change that should rework their balance sheet and rerate the sp...and, as you have clarified, cotton markets aren't great right now (but NAM still reported strong profit) and more positive reports starting to emerge about prospects for 2015....good luck!