GNC 0.91% $8.86 graincorp limited

Ann: FY23 Investor Presentation, page-9

  1. 267 Posts.
    lightbulb Created with Sketch. 10
    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.

 
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