Morgans Blog | Morgans

GrainCorp: What to do with all this cash?

17 November 2023, 8:00 AM

GrainCorp's (ASX:GNC) FY23 result was down on the record pcp however it still posted a commendable result with strong operating cashflow and a large core cash position the key highlights.

Nufarm: Resilient performance

By Belinda Moore

17 November 2023, 8:00 AM

While EBITDA fell slightly in FY23, we note the company was comping two big years. Pleasingly, Nufarm's (ASX:NUF) performance was stronger than peers.

Elders: Can the controllables outweigh the uncontrollables?

By Belinda Moore

14 November 2023, 8:00 AM

Elders (ASX:ELD) reported a better than feared FY23 result which was at the mid-point of its guidance range. Strong operating cashflow was the highlight.

Treasury Wine Estates: Now no. 1 in the US luxury wine market

By Belinda Moore

08 November 2023, 8:00 AM

Treasury Wine Estates (ASX:TWE) has announced the acquisition of Paso Robles luxury wine business, DAOU Vineyards (DAOU) for US$900m (A$1.4bn), funded by equity and debt.

Nufarm: Outperforming peers but headwinds remain

By Belinda Moore

28 September 2023, 8:00 AM

While Nufarm (ASX:NUF) has been a beneficiary of a lower AUD, its FY23 performance has been stronger than peers.

Elders: Looking for a base

By Belinda Moore

22 August 2023, 9:00 AM

Elders (ASX:ELD) has downgraded its FY23 EBIT guidance by 10.5% at the mid-point given key earnings drivers have continued to weaken during the 2H23.

Treasury Wine Estates: Penfolds continues to outperform

By Belinda Moore

16 August 2023, 8:00 AM

While Treasury Wine Estates’ (ASX:TWE) headline numbers were solid given the challenging macro-economic backdrop, we note that growth slowed materially in the 2H23 due to Treasury Americas (TA) and Treasury Premium Brands (TPB).