An interesting Note to this, Have a look at the shipping stem today on the Graincorp Website, down load this stem and save a copy, then watch and see how many cancellation of vessels there are. Very intersting, there is not much shipping activity at all going on, meaning BIG losses for Graincorp.
Then check out the Port of Melbourne Stem, it is full to capacity, last year it was empty and GNC was full, again interesting.
AWB Grainflow (their main competition) have also recently announced a massive increase to their receivals in a very poor year, basically GNC's competition everywhere is running rings around it.
They had better hope that some venture capital company, or other AG company wants to buy them out, they are in for a shocker this year!
GNC Price at posting:
$6.12 Sentiment: LT Sell Disclosure: Held
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