GNC
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0.39% $8.91 graincorp limited

Nice to have you back on board@Hopeful9. Sounds like you timed...

  1. fourdollars
    1,122 Posts.
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    17/11/23
    14:03
    Post #: 70964225
    Nice to have you back on board@Hopeful9. Sounds like you timed you exit and re-entry well. If so, congratulations ...

    Totally agree on your comments re: corporate costs. Fat cats can't help themselves when there is money sloshing around.

    Macquarie sheds some light on the mooted WA crushing plant expansion. It forecasts capex of $385m, expects the first full year of operation to be FY27 and forecasts $30m EBIT in that year. Also expects "ramp-up" from there, but the ramp-up is not quantified.

    It is pessimistic about the ECA winter crop - forecasting 18MT vs ABARES estimate of 20.8MT and prior-year actual of 29.5MT.

    FY24 forecast - eps 51c, dividend 35cps
    FY25 forecast - eps 41c, dividend 29cps

    12-month price target $9.70. Outperform.

    GNC Price at posting: $7.89 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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