^ Oh, and it's not as simple as paying less for bad grain. If it were as easy as making a margin on all produce, buy-then-sell-for-more, everyone would be doing it.
They have contracts to fill for grain at a certain quality/price, and also hedge by buying and selling in advance.
There isn't as large a difference between a $14.6m loss and a $14.6m profit for their sales volumes, just a big reaction to the minus sign. A $14.6m profit still wouldn't be enough to be called good, in my mind. For this, I don't think much of the FPOs at current prices (though they've shed 10% this morning), but the preference shares should be good value as people cut their losses in June.
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Last
$6.56 |
Change
0.030(0.46%) |
Mkt cap ! $1.247B | |||
| Open | High | Low | Value | Volume |
| $6.56 | $6.58 | $6.49 | $4.245M | 648.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1065 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.59 | 1875 | 2 |
View Market Depth
| Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
| ELD (ASX) Chart |