Graincorp To Sell Its Australian Bulk Liquid Terminals To ANZ Terminals

Graincorp To Sell Its Australian Bulk Liquid Terminals To ANZ Terminals

The Agricultural company, GrainCorp Limited (ASX: GNC) has announced the sale of its Australian Bulk Liquid Terminals business. The company has entered into an agreement with ANZ Terminals Pty Ltd to sell its Australian Bulk Liquid Terminals for a total consideration of around $350 million.  Following the release of this news, the share price of the company decreased by 1.018% with the close of trading session on 4 December 2019.

Under the terms of the transaction, GrainCorp Oils will enter into a long-term storage agreement with ANZ Terminals which will allow secure access to the company’s oils business. ANZ Terminals is a highly experienced privately-owned company which provides bulk liquid storage terminals across Australia and New Zealand.

While commenting on this transaction, GrainCorp Oils’ General Manager Sam Tainsh told that the management of the company will work with ANZ Terminals to ensure a smooth transition for its customers and its people. He further added that, through the long-term storage agreement, the company will have the access required for its trading and liquid feeds businesses.

The Australian Bulk Liquid Terminals business was acquired by GrainCorp in 2012 as part of the acquisition of Gardner Smith, and since that acquisition, the business has evolved substantially and is increasingly serving other sectors, in addition to the edible oils commodities that are more closely aligned with GrainCorp’s core business.

The sale of the Australian Bulk Liquid Terminals is an outcome of GrainCorp’s ongoing Portfolio Review strategy and highlights the value within the Company’s portfolio. At the recently held Annual General Meeting, the company’s Chairman informed that the company’s Board and management are working through a comprehensive review of its asset portfolio for many months, aimed at identifying options to maximize value for shareholders.

GrainCorp has retained ownership of its New Zealand bulk liquid terminals, which are more fully integrated into its supply chain; however, it is independently reviewing options for this business as part of the ongoing Portfolio Review.

For the year ended 30 September 2018, the company reported EBITDA of $269 and underlying net profit after tax (NPAT) of $71 million.

Now, let’s have a glance at the company’s stock performance and the return it has posted over the past few months. The stock is trading at a price of $9.720 with a market capitalisation of ~$2.25 billion as on 4 March 2019. The counter opened the day at $9.870 and reached the day’s high of $9.930 and touched a day’s low of $9.700 with a daily volume of ~ 546,410. The stock has provided a year-till-date return of 8.75% & also posted returns of 23.99%, 6.16% & 3.15% over the past six months, three & one-months period respectively. It has a 52-week high price of $9.9600 and touched 52 weeks low of $7.170, with an average volume of ~ 853,452.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Top 25 Dividend Stocks report for April

People prefer a dividend stock in their portfolio as it possesses the feature of compounding. Compounding means that the earning which is generated through these dividend stock will get reinvested and will eventually create earnings from earning. More precisely, the dividend generated from these dividend stock will get reinvested to buy another set of a share of the dividend stock which results in giving a higher dividend.

Click here to download your top 25 dividend stocks report!

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report


Please enter your comment!
Please enter your name here