Broker
I agree on getting it on the shelves but feel it is more of an A2M problem than SM1, this has been discussed before with many feeling A2M is keeping the product held back to create the feel of a premium product.
I feel from reading between the lines they are meeting what A2M is calling for but production has been going well so they have used it to build a larger inventory base and they have prepared well for the second half and the flow through from the A2M stepped up marketing campaigns.
From the results presentation.
Inventory balances of both finished goods and raw materials havebuilt on higher than expected production volumes, and to meetforecast IFC sales in H2 FY19.
We anticipate strong operating cashflow generation in the secondhalf of the year due to the sell down of carry over inventory andincreased canned infant formula sales.
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- TEN RED today GREEN on SYNLAIT News..
TEN RED today GREEN on SYNLAIT News.., page-18
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