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GNC, GRAINCORP LIMITED
blacksheep
post Posted: Dec 4 2018, 11:27 AM
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In Reply To: blacksheep's post @ Dec 3 2018, 09:35 AM

According to AFR Street Talk - German giant Allianz at heart of GrainCorp bid
https://www.afr.com/street-talk



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 4 2018, 10:11 AM
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In Reply To: blacksheep's post @ Dec 3 2018, 09:35 AM

extract AFR article
QUOTE
Australia has lowered its wheat production forecast by 11 per cent to the smallest in a decade amid a crippling drought across the country's east coast that may cut exports from the world's fourth biggest supplier. Wheat production during the 2018-19 season will total 16.95 million tonnes, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). That was below ABARES' September estimate of 19.1 million tonnes, which was on course to be the lowest since 2008 when output hit just 13.6 million tonnes. Lower wheat production will reduce Australia's wheat export capacity, supporting global benchmark prices that rose to their highest in more than two months on Monday. Australia typically exports two-thirds of its wheat but, with dry weather hampering local production, demand from domestic millers will supplant major customers such as Indonesia.

The outlook also casts a shadow over Australia's economy and its largest listed bulk grain handler, GrainCorp, which earns most of its revenues from trading wheat. GrainCorp on Monday said it received an unsolicited $2.38 billion takeover approach from a little-known asset manager. Analysts say the timing of the offer was opportunistic as the unfavourable weather limited the bulk grain handler's ability to earn revenue.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 3 2018, 09:35 AM
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SP up 27.4% currently @ $9.30 on t/o bid

QUOTE
Portfolio Review
As was recently outlined during the FY2018 results presentation on 15 November 2018, one of GrainCorp Limited’s
(“GrainCorp”) strategic priorities has been an evaluation of capital management and portfolio optimisation opportunities.
This process has been underway for much of this year and involves an assessment of GrainCorp’s business portfolio to
develop and implement strategies to unlock and create improved value for shareholders (“Portfolio Review”).
Among other things, this Portfolio Review has included an evaluation of:

› Value maximising options for the bulk liquid storage infrastructure assets in the GrainCorp portfolio;

› Options for maximising the value of the global GrainCorp Malt portfolio including through participation in ongoing
industry consolidation or an ownership separation of these assets; and

› Initiatives to enhance the global grain infrastructure and capabilities in the GrainCorp portfolio, both internationally
and domestically, by progressing the initiatives to simplify the eastern Australian grains operating structure to
better serve customers and reduce costs.

The Portfolio Review is ongoing, contemplates a wide range of potential value creation strategies including operating
strategies, and will take some time to complete. GrainCorp intends to provide shareholders with an update on the
progress of the Portfolio Review at or before the company’s Annual General Meeting in February 2019.

Receipt of non-binding indicative offer

GrainCorp also announces that it has received a non-binding, indicative proposal from Long-Term Asset Partners Pty
Ltd (“LTAP”) expressing interest in a transaction which could result in a change of control of GrainCorp. The LTAP
Proposal involves an acquisition, via a scheme of arrangement, of 100% of the shares in GrainCorp for cash
consideration of $10.42 per share (“LTAP Proposal”).


LTAP, whose directors are Tony Shepherd AO, Lance Hockridge, Andrea Staines and Chris Craddock, has stated that
it is an asset manager for a trust whose beneficiaries are Australian investors. Further, that the structure has been
established to make long-term investments and that it does not intend to sell any of the assets of GrainCorp should the
LTAP Proposal be recommended by the GrainCorp Board and ultimately supported by GrainCorp shareholders as a
scheme of arrangement.

The GrainCorp Board has determined it will engage with LTAP in the context of the ongoing Portfolio Review to further
assess the merits of the LTAP Proposal, including the value offered compared to other value creation alternatives and
strategies available to GrainCorp. This evaluation is ongoing and the proposal is not yet sufficiently certain or in a form
which would allow GrainCorp's Directors to make a recommendation to shareholders.

The GrainCorp Board notes that the proposal is subject to a number of conditions and involves a complex financing
structure with significant leverage comprising $3.2 billion in acquisition facilities from Goldman Sachs and $400 milliontors.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 16 2018, 02:54 PM
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Not sure if this will impact GNC -Fires sparked by lightning destroy $3.6 million worth of crops in Western Australia's Wheatbelt
By Jo Prendergast
Posted 33 minutes ago

QUOTE
After a poor harvest last year, the Dalwallinu region had been enjoying a good season this year.

Harvest began a few weeks ago, and most wheat crops were averaging about 3.5 tonnes per hectare of grain.

https://www.abc.net.au/news/2018-11-16/fire...-crops/10504886




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Sep 7 2018, 07:02 PM
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QUOTE
GrainCorp (ASX: GNC) upgraded its earnings guidance for the year ending 30 September 2018 to $255 - $270 million underlying earnings before interest, tax, depreciation and amortisation and $60 - $75 million underlying net profit after tax. GNC processes and distributes wheat, barley and canola, and provides malt products and services to craft brewers and distillers. The Company said it had benefitted from the positive performance of the global malt business and its strong market position in the North American craft beer sector.

The earnings upgrade highlights the diversity of earnings that shield GNC from the impacts caused from weather events like the droughts in eastern Australia. We purchased shares in GNC due to a belief that the market had overreacted regarding the potential earnings impacts from drought conditions in Australia.

Whilst conditions in Australia remain tough, we continue to believe the counter-cyclical nature of GNC’s earnings is positive for the business. Shares in GNC closed up 1.9% for the week. We own GNC as a market-driven investment in WAM Leaders and Century Australia
Wilson Asset Managers



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Nov 21 2017, 11:08 AM
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QUOTE
Grains handler and maltster [EDs: "maltster"!] GrainCorp's full-year profit has more than quadrupled, helped by a large grain harvest and higher export volumes but shares have slipped on the company's downbeat outlook.

GrainCorp says the crop in the current fiscal year is expected to be substantially smaller in eastern Australia, with production skewed to Victoria and southern NSW, and resulting in a below-average exportable surplus.

GrainCorp's net profit for the year to September 30 lifted to $125.2 million, from $31 million a year earlier.

GrainCorp chief executive Mark Palmquist says GrainCorp benefited from a near- record crop in eastern Australia and another good performance by GrainCorp Malt.

"Across our grains businesses, we benefited from increased storage, handling and merchandising opportunities, aided by the large harvest," Mr Palmquist said in a statement this morning.

http://www.theage.com.au/business/markets-...20171120-gzpeve
https://www.shortman.com.au/stock?q=gnc
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


nipper
post Posted: Nov 17 2016, 09:14 AM
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In Reply To: balance's post @ Nov 30 2013, 01:53 PM

sideways for the last 3 years (since the last bad news)
QUOTE
Graincorp Ltd (GNC) released FY16 earnings yesterday, reporting a 1.8% increase in revenue to $4.2bn and a 3.7% decline in statutory NPAT to $30.9m due to significant one-off costs. Underlying NPAT increased 18.4% to $52.7m, as per guidance.

GNC declared a fully franked final dividend of 3.5cps, leading to a $0.01 increase in the FY16 dividend to $0.11/share.

Despite new port competition and a global oversupply of grains, the company expects a stronger year in FY17 driven by larger volumes and operational efficiencies.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
balance
post Posted: Nov 30 2013, 01:53 PM
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In Reply To: wolverine's post @ Nov 29 2013, 09:28 PM

I think it was summed up well by Chris Bowen. "This is in the National's interest not the national interest".



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Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.

Said 'Thanks' for this post: wolverine  early birds  
 
wolverine
post Posted: Nov 29 2013, 09:28 PM
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In Reply To: mrbear's post @ Nov 29 2013, 01:25 PM

It's annoying and expensive but shite happens. Got a few divs which is cold comfort but it goes to show that nationalistic hysteria is alive and well.

Intrigued at how much pressure the National Party has put on Hockey an what the quid pro quo will be.



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TOO MANY CHIEFS

NOT ENOUGH INDIANS

Said 'Thanks' for this post: early birds  
 
mrbear
post Posted: Nov 29 2013, 01:25 PM
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In Reply To: wolverine's post @ Nov 29 2013, 07:56 AM

Ouch though it looked like hockey was going to veto it the other week.

Have an extra drink tonight wolver though many will be drowning their sorrows,cheers mrbear

 
 


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