Great discussion folks
Given the prevailing pessimism about conditions, I was surprised that the forecast crop still results in a GNC
payment under the insurance scheme. With the benefit of hindsight the insurance is starting to look like a terrible decision.
Results largely as expected was hoping for slightly higher cash build. Anyone else think the buy back is the wrong decision? I would rather they maintain a higher payout ratio and look to reinvest in the business. I agree with Stayer the acquisition looks like a prudent decision.
Ann: FY23 Investor Presentation, page-9
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Last
$8.87 |
Change
-0.030(0.34%) |
Mkt cap ! $1.989B | |||
| Open | High | Low | Value | Volume |
| $8.82 | $8.97 | $8.75 | $5.262M | 595.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5597 | $8.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.87 | 1963 | 2 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| GNC (ASX) Chart |