I only had a brief look as nabtrade for some reason won't let me again reopen it.
For FY23, EBIT guidance was in the range of A$180-$200 million so isn't today's FY 24 guidance a significant lower range?
The one positive that quickly registered as I've highlighted in another ELD thread is rainfall in east coast graingrowing areas has been excellent in the last few days: with growers determining how many hectares to plant and of what crops, this couldn't have come at a better time.
As CBH is unlisted and GNC has only a minimal oilseeds production presence in Western Australia, I don't follow that state as much as I should, but for ELD what happens c.3000-4000 kilometres from Melbourne and Sydney in 'the West' is important.
ELD Price at posting:
$9.83 Sentiment: Hold Disclosure: Held
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