GrainCorp's Share Price Drops as Core Cash Position Disappoints -- Market Talk

Dow Jones
05/14

0014 GMT - GrainCorp's share price is testing lows last reached in February. One reason identified by RBC Capital Markets is lower-than-expected net cash. GrainCorp reported a 'core net cash' position, which excludes inventory, of A$163 million alongside its results for the six months through March. That was much lower than analyst Owen Birrell's A$368 million expectation and well below a consensus forecast of A$293 million. RBC said GrainCorp's cash position was hit by factors including a negative working capital build, higher taxes and business transformation costs. It had a sector perform call and A$7.75/share price target on GrainCorp ahead of the 1H result. GrainCorp is down 9.8% at A$5.61. (david.winning@wsj.com; @dwinningWSJ)

 

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May 13, 2026 20:14 ET (00:14 GMT)

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