market is really struggling to value the new business/es accurately. going by the info available (which is not really promoted so much - fine by me) GNC MC today is less than just the agribusiness PPE component/s - cited by ABARE at $728M (pg 43 here) https://www.asx.com.au/asxpdf/20200206/pdf/44dwcmpw0t41m8.pdf GNC are due $50M plus this month as a result of insurance against the terrible 2018/19 crops (pg 9 here) https://www.asx.com.au/asxpdf/20200219/pdf/44f6swm6mbgm0v.pdf watching the extreme buy/sell depth volume swings and bluffs - I'd say someone is trying to build/extend longer term position
not sure what cash GNC have but it is a lot more than the market seems to think add in better growing conditions and better margins building.... terribly undervalued IMO
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