GrainCorp (GNC AU): Hard to Say No to LTAP
Graincorp Ltd A (GNC AU) revealed that it received a non-binding indicative offer from the Long Term Asset Partners (LTAP) consortium. The all-cash...
382 Views
PGW And A Question of Character
Elders Ltd (ELD AU) announced it has not "made any definite proposal" to acquire Pgg Wrightson Ltd (PGW NZ). Speculation in PGW has gathered pace...
415 Views
Lifting GrainCorp's FVE, but Shares of the No-Moat Firm Look Fairly Valued
We’ve increased our fair value estimate for GrainCorp Ltd (GNC AU) to AUD 8.70 per share from AUD 8.50 due to the time value of money. We view...
114 Views
QAF: Improving Bakery + Listing of Pork Business + Net Cash = 10% to 16% Upside Not Yet Baked In
QAF’s 72% drop in headline net profit for 1H17 does not look pretty, but it masks the overall potential of the underlying businesses. Also, the...
609 Views
Aldi's Presence Makes a Return to Duopoly-Like Margins Unlikely
The Australian grocery industry continues to evolve and everyday dry groceries are likely to become even more commoditised. Aldi re-established the...
3.6k Views