Balanced Portfolio - Switch 2% of Nufarm (NUF) to GrainCorp (GNC)
Date: 23/11/2023
*** GENERAL AVICE ONLY***
Balanced Portfolio
Nufarm (NUF) – Current holding 5%
GrainCorp (GNC) – Current holding 3.5%
Switch of 2% allocation in Nufarm (NUF) to Graincorp (GNC)
The final leg of our agricultural earnings season strategy, we are recommending a switching the 2% allocation in Nufarm we added at $4.42 on 13th November to GrainCorp (GNC) to receive the 30c fully franked, final dividend before the 29th of November ex-dividend date. (3.9% unfranked, 5.07% including franking)
This would see us make around a 5% profit on Nufarm and in 10 days, and shift into Graincorp which currently is higher yielding and trading at a lower PE
While we remain positive on NUF, the recent rain in western NSW has increased optimism around summer crops which will directly benefit GNC’s processing operations.
Nufarm (NUF) – Allocation after switch 3%
GrainCorp (GNC) – Allocation after switch 5.5%
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.