Tom McKay

Top fund managers suggest recent criticism of the Graincorp deal has created a buying opportunity. Geoff Wilson, whose fund owns 1.5% of GNC says We bought some more about a month ago and to me it would be illogical for the government to knock back the transaction, he said. I'm not saying illogical things don't happen, but the uncertainty that the Nationals have created does create a buying opportunity. John Corr from Aurora also likes the high probability of the trade saying We have always had the view that there will be some noise around the deal, especially after the election, but that it would go through with conditions. We have had a view on the government's approach to foreign investment and a desire for an open and transparent economy. (VIEW LINK)


Please sign in to comment on this wire.