It is the only way out of this, selling as much as possible, if they can break through 100,000 tonnes then for sure its going places and can cover the non cashflow from bad debts. I think the accounts will be hit by bad debt provision based on what bopd is saying as it wasnt provisioned in
the previous years accounts.So it may not be a maiden profit for 2020. But if they can hit 100,000 then possible dividend declaration by December 2021 and a rerate. Long time to wait though...
No it didnt we gave a better product and previous year we supplied on contract for 2019. If we had had same contract 2020 then we would have sold the same. They havent stopped growing food because of the pandemic.
Not really anything to do with pandemic, they abandoned selling through distribution channel and concentrated on own sales force. Takes time to build up. That's why they're owed a stack of money by Agricerro or whatever they're called