MGC Trading Results

What a great performance by MGC. Value add strategy seems to be a win win for farmers, consumers and shareholders. This is an Australian Ag value add success story.

I also loved their base case scenario for likely dividend payout if international commodity prices don't lift. With that as a base case of a FF dividend yield of between 6.4% and 7.8% on current prices I will take that all day, every day.

MGC is cheap and will see much higher prices as the current dairy supply dynamics are corrected. In the mean time they continue to value add and reduce their exposure to international dairy prices. Great strategy and excellent execution.