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Graincorp Ltd (GNC.AX)

GNC.AX on Australia Stock Exchange

8.23AUD
6:32am IST
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$0.11 (+1.35%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Graincorp Updates on Co's Portland Grain Export Terminal Exemption Process
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Graincorp Ltd ::NOTIFIED BY ACCC OF ITS DRAFT DETERMINATION NOT TO EXEMPT GRAINCORP'S PORTLAND GRAIN EXPORT TERMINAL IN VICTORIA.INTENDS TO ENGAGE FURTHER WITH ACCC DURING 28-DAY CONSULTATION PERIOD.NOTES THAT ITS PORTLAND TERMINAL HAS BEEN SUBJECT TO CODE SINCE ITS COMMENCEMENT IN 2014.WILL CONTINUE TO PROVIDE SERVICE TO CO'S EXPORT CUSTOMERS AND TO ENSURE ACCESS FOR VICTORIAN GROWERS' PRODUCE TO EXPORT MARKETS.EXEMPTION DENIED UNDER PORT TERMINAL ACCESS (BULK WHEAT) CODE CONDUCT.  Full Article

GrainCorp Says Graham Bradley To Be Appointed As Chairman Of Malt Business If Demerger Proceeds
Monday, 24 Jun 2019 

June 24 (Reuters) - GrainCorp Ltd ::GRAHAM BRADLEY AM WILL BE APPOINTED AS CHAIRMAN OF MALT BUSINESS IF DEMERGER PROCEEDS.PETER RICHARDS APPOINTED DEPUTY CHAIRMAN OF GRAINCORP WITH IMMEDIATE EFFECT; WILL ASSUME ROLE OF CHAIRMAN OF CO IF DEMERGER PROCEEDS.COMMENCED AN INTERNATIONAL SEARCH FOR A SUCCESSOR TO MARK PALMQUIST AS MANAGING DIRECTOR & CEO.  Full Article

Graincorp Ltd Enters 10-Year Contract To Manage Eastern Australian Grain Production Risk
Friday, 7 Jun 2019 

June 7 (Reuters) - Graincorp Ltd ::ENTERS INTO 10 YEAR CONTRACT TO MANAGE EASTERN AUSTRALIAN GRAIN PRODUCTION RISK.CONTRACT WILL TAKE EFFECT FROM 2019-20 FINANCIAL YEAR..SUBJECT TO AN AGGREGATE NET LIMIT OF PRODUCTION PAYMENTS TO EITHER GRAINCORP OR CONTRACT COUNTERPARTY OF AUD$270 MILLION OVER 10 YEAR TERM.EXCLUDING PRODUCTION PAYMENTS, TOTAL PRE-TAX ANNUAL COST OF CONTRACT TO GRAINCORP IS EXPECTED TO BE LESS THAN AUD$10 MILLION.CONTRACT IS NOT SUBJECT TO A RIGHT OF TERMINATION IN EVENT OF A CHANGE OF CONTROL OF GRAINCORP.DURING TERM PAYMENT OF $15/TONNE WILL BE MADE FOR EACH TONNE OF ACTUAL EAST COAST OF AUSTRALIA WINTER CROP PRODUCTION IN ANY GIVEN YEAR.CONTRACT COUNTERPARTY IS WHITE ROCK INSURANCE (SAC) LTD.FIXED PAYMENT OF AUD$15 PER TONNE WILL BE MADE IN ANY GIVEN YEAR WHICH IS BELOW AN AGREED LOWER PRODUCTION THRESHOLD OF 15.3 MILLION TONNES.FIXED PAYMENT OF AUD$15 PER TONNE WILL BE MADE IN ANY GIVEN YEAR WHICH IS ABOVE AN AGREED UPPER PRODUCTION THRESHOLD OF 19.3 MILLION TONNES.  Full Article

Graincorp Updates On Sale Of Australian Bulk Liquid Terminals
Friday, 10 May 2019 

May 10 (Reuters) - Graincorp Ltd ::UPDATE ON SALE OF AUSTRALIAN BULK LIQUID TERMINALS.SALE OF AUSTRALIAN BULK LIQUID TERMINALS BUSINESS REMAINS SUBJECT TO CERTAIN OTHER CONDITIONS AND REGULATORY APPROVALS.SALE WAS SUBJECT TO CONDITION THAT CO DID NOT ENTER INTO CHANGE OF CONTROL TRANSACTION/OTHER MATERIAL ALTERNATIVE TRANSACTION BEFORE 10 MAY.GRAINCORP ADVISES THAT THIS CONDITION HAS NOW BEEN SATISFIED.  Full Article

ACCC Started Informal Review Of ANZ Terminals' Proposed Acquisition Of Graincorp Liquid Terminals Australia
Thursday, 9 May 2019 

May 9 (Reuters) - Australian Competition & Consumer Commission::COMMENCED INFORMAL REVIEW OF ANZ TERMINALS PTY'S PROPOSED ACQUISITION OF GRAINCORP LIQUID TERMINALS AUSTRALIA PTY.  Full Article

GrainCorp Posts HY Loss Attributable Of $58.9 Mln
Thursday, 9 May 2019 

May 9 (Reuters) - GrainCorp Ltd ::HY LOSS ATTRIBUTABLE $58.9 MILLION VERSUS PROFIT OF $36.1 MILLION.HY REVENUE FROM ORDINARY ACTIVITIES UP 25.5% TO $2,492.9 MILLION.COMPANY DOES NOT PROPOSE TO PAY AN INTERIM DIVIDEND FOR HALF-YEAR ENDED 31 MARCH 2019.  Full Article

GrainCorp Expects Challenging Conditions In Eastern Australia To Continue In Second Half
Thursday, 9 May 2019 

May 9 (Reuters) - Graincorp Ltd ::EXPECTS CHALLENGING CONDITIONS IN EASTERN AUSTRALIA TO CONTINUE IN SECOND HALF.EXPECTS CONTINUED ROBUST DEMAND FOR MALT PRODUCTS IN 2019 NORTHERN HEMISPHERE SUMMER.ACTIVE ENGAGEMENT WITH PARTIES WHO HAVE EXPRESSED INTEREST IN PART OR PARTS OF GRAINCORP'S PORTFOLIO CONTINUES.LONG-TERM ECA GRAIN PRODUCTION DERIVATIVE INSTRUMENT UNDER NEGOTIATION, TO REDUCE CASH FLOW VOLATILITY LINKED TO HARVEST VOLUMES.FY19 STAY-IN-BUSINESS CAPEX EXPECTED TO BE $40-50 MILLION.  Full Article

Graincorp Says Mark Palmquist Resigned From Board
Friday, 26 Apr 2019 

April 26 (Reuters) - Graincorp Ltd ::MARK PALMQUIST HAS RESIGNED FROM BOARD OF GRAINCORP WITH EFFECT FROM 26 APRIL.PALMQUIST WILL REMAIN CHIEF EXECUTIVE OFFICER OF GRAINCORP UNTIL COMPLETION OF DEMERGER.  Full Article

Graincorp Says Grains Business Unit Experienced A Disruption To Grain Trading Conditions
Thursday, 18 Apr 2019 

April 18 (Reuters) - Graincorp Ltd ::GRAINS BUSINESS UNIT EXPERIENCED DISRUPTION TO GRAIN TRADING CONDITIONS OVER LAST 6 WEEKS OF ITS HY REPORTING PERIOD TO 31 MARCH 2019.IMPACT WILL BE INCORPORATED INTO GRAINCORP'S AUDITED HALF YEARLY RESULTS.DUE TO DISRUPTION GRAINS BUSINESS UNIT HAS EXPERIENCED A DETERIORATION OF ABOUT $40 MILLION IN EXPECTED EBITDA FOR HY.  Full Article

Graincorp Posts 43.7 Pct Drop In FY Net Profit
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Graincorp Ltd ::FY NET PROFIT ATTRIBUTABLE DOWN 43.7% TO $70.5 MILLION.FY REVENUE FROM ORDINARY ACTIVITIES DOWN 7.1% TO $4,253.1 MILLION.FINAL DIVIDEND PER SHARE 8.0 CENTS.IN FY19, WE EXPECT A CONSIDERABLE DECLINE IN GRAIN PRODUCTION IN EASTERN AUSTRALIA DUE TO SEVERE DROUGHT.FY UNDERLYING NET PROFIT AFTER TAX (NPAT) WAS $71 MILLION VERSUS $142 MILLION.  Full Article

Australian shares fall as Trump's China tariff threat hits miners; NZ little changed

Aug 2 Australian shares closed at their lowest level in over a week on Friday, with mining stocks leading declines after U.S. President Donald Trump said he will slap a 10% tariff on $300 billion of Chinese imports.