GNC is largely known for its grain storage / handling operations but it also produces canola oil & meal plus cattle / livestock feed, clearly a good place to be invested if food prices are going to maintain their upside momentum. The stocks forecast to yield close to 3% over the next 12-months which when combined with some potential solid capital appreciation makes GNC an appealing investment to MM especially in an inflationary environment.
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Buy Hold Sell: The best and worst performers of FY25
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Thursday 31st July – ASX -15pts, RIO, FLT, BPT
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Thursday 31st July – Dow -171pts, SPI off -21pts
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MM is bullish GNC around $6
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