date:Nov 19, 2012
ADMs $2.8 billion offer for GrainCorp undervalues the Australian grain dealer in light of its outstanding annual results, according to the companys chief executive.
Alison Watkins hailed GrainCorps record-breaking results and its compelling prospects after net profit surged 19% to A$205m in the year ending 31 August. The firm has identified a number of growth initiatives to increase underlying earnings by around A$110m over the next four years.
Weve looked at the underlying earnings for GrainC