AHF 8.89% 4.1¢ australian dairy nutritionals limited

Looking for positves, page-520

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    In regard to the quick ratio, it is now over 1, thanks to the conversion of borrowings of $2.7M into shares otherwise the quick ration would have been below 1. What we need to see in the present half year is profits generated as whatever the JV talks are, apply to medium term, hence KK's 2020 may brings some joy to shareholders. In the meantime shareholders have to keep their fingers crossed and hope that Management has some good news in the pipeline to lift confidence and sentiment. I do not like the term loan of $10M, lurking in the shadows as it will surface in 2 years time. I am sure when the time comes for settlement CSB will not be so generous to convert to shares.
 
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