El Nino confirmed. Drought will force PSP to revise their offer further given growth outlook impacts. It's trading above 40x P/E, very rich valuation compared to market sector for agri businesses who trade at ~15x P/E. Wouldn't be surprised to see market sector take a hit in this half which is further downside pressure for CGC.
Time to go short.
- Forums
- ASX - By Stock
- CGC
- Ann: Revised offer from Paine Schwartz Partners
Ann: Revised offer from Paine Schwartz Partners, page-10
Featured News
Add CGC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online