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GNC, GRAINCORP LIMITED
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.




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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
 
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

 
wolverine
post Posted: Nov 29 2013, 07:56 AM
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It turns out we aren't actually open for business.



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 


wolverine
post Posted: Jun 3 2013, 09:51 PM
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Bought a few at $12.61



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
farmer fred
post Posted: Oct 22 2012, 02:07 PM
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In Reply To: mullokintyre's post @ Oct 22 2012, 01:44 PM

No set figure, but am inclined to wait a little while to see if any other offers emerge, or if Graincorp can negotiate a better price.

Have a parcel I only picked up recently when the price dropped with the capital raising, plus the rights shares, which I'm thinking pretty hard about letting go at this price. At this point my greed outweighs my fear.

 
mullokintyre
post Posted: Oct 22 2012, 01:44 PM
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In Reply To: farmer fred's post @ Oct 20 2012, 08:55 AM

go for it FF. In discussions with my broker, we decided that a 30% profit in two months is pretty good, so took 12.50 for the lot.
Now that the gloves are off, it may take a year or so before things sort themselves out and I am still nervous about the market.
A lot can happen in a year.
Do you have figure that would cause you to take the money and run??

Mick



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sent from my Olivetti Typewriter.
 
farmer fred
post Posted: Oct 20 2012, 08:55 AM
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In Reply To: mullokintyre's post @ Oct 19 2012, 02:29 PM

Looks like GNC might be interested at offers over $14.

"But Graincorp chairman Don Taylor said ADM would need to substantially up the ante if the target was to entertain a formal offer, saying $14 a share would be the starting point for discussions."

Full article
http://www.theaustralian.com.au/business/m...j-1226499618224

 
 


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