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Algo Buy Signal – GrainCorp

Our Algo Engine generated a buy signal on GrainCorp back in early March.

Following the strong share price move the stock now looks fully valued short term.

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GNC delivered a solid 1H result and the full year forecast of around $160m should be achievable.  Based on DPS of $0.32 the stock trades on 3.2% yield.

Chart – GNC

 

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