MM jumped off the CGC train a touch early in 2021 but I’m extremely glad we didn’t get caught in the savage plunge in late May when they looked to raise $190m at $3 to buy Queensland citrus business Farms. At this stage we see no reason to pre-empt a recovery in CGC but we are watching the fruit and vegetable business fairly closely as it has a habit of trading through bouts of both excessive optimism and pessimism.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM is neutral CGC
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