^ 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
$6.39 |
Change
-0.110(1.69%) |
Mkt cap ! $1.221B | |||
| Open | High | Low | Value | Volume |
| $6.48 | $6.50 | $6.28 | $9.989M | 1.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1012 | $6.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.39 | 2397 | 1 |
View Market Depth
| Last trade - 16.10pm 08/07/2025 (20 minute delay) ? |
| ELD (ASX) Chart |