Great average price for your GNC shares! I've held GNC for years and never sold a single share (or its spinoff UMG).
After wind power generator IFN was taken over Spain's Iberdrola about 12mo ago, I used funds from that investment to double down on GNC (now my avg cost/share ~ $3.57).
Keep accumulating where possible. GNC is a perfect example of buy-and-forget investment. Great relationships with farmers, great business model, great assets, great management, great customer value. It is a solid organisation overall.
GNC is no stranger to the acquisition space. LTAP about 2 years ago and Archer Daniels Midland in 2013 when at the time Treasurer Joe Hockey blocked the takeover. I agree it is a perfect acquisition, but would the Australian Government and/or the FIRB would allow it, even more so in our current times post-COVID. The reality is that GNC is a perfect TO target and an acquisition is always a real possibility.
GLTAH
2021-22 Harvest Updates, page-27
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Last
$8.63 |
Change
-0.060(0.69%) |
Mkt cap ! $1.936B | |||
| Open | High | Low | Value | Volume |
| $8.67 | $8.69 | $8.61 | $2.400M | 277.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 883 | $8.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.64 | 5690 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| GNC (ASX) Chart |