I can see no good news for GNC over the comming months. Malt Barley will be very hard to come by, massive premiums are being paid by all who require it, not good for Malters, massive premiums are being paid by Millers for Milling quality wheat, not good for flour millers (Allied Mills) and feed grade anything is not likely to find the export market (not good for port owners).
While longer term this may be a good entry, the next 12 months are going to be very very difficult times and conditions for this battler!
I am a sell at these levels, would look to buy to accumulate around teh $5 - $5.30 levels.
I can see no good news for GNC over the comming months. Malt...
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Last
$8.63 |
Change
-0.060(0.69%) |
Mkt cap ! $1.936B | |||
| Open | High | Low | Value | Volume |
| $8.67 | $8.69 | $8.61 | $2.400M | 277.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 883 | $8.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.64 | 5690 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| GNC (ASX) Chart |