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AAC - Australian Agricultural Company

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Seems to be reaching new lows lately, does anyone know why? Given their landholdings it looks a bargain. I know there's no profit but thats cause land revaluations don't hit profits, so seems to me it should be higher. Does anyone have any ideas why the recent downturn?
 
Im punting on a upswing for AAC, their greatest assests are the land and the stock. Given recent soaking rain, and short term forecasting over some of their holdings, the pasture crop should be value added and their stock should be value added as beef producers look to re-stock their land after the prolonged dry and stock sales.
 
I wonder if this fella can make this stock lift???
Still selling steak and flipping burgers in Japan, Korea & China.
Most of the Qld drought broken.

Let's wait and watch!

http://www.theage.com.au/business/extelstra-boss-mcgauchie-to-run-aaco-20100503-u3qa.html

FORMER Telstra chairman Donald McGauchie will become chairman of Australian Agricultural Company in coming months and steer it through a shift from beef production to processing and marketing.

The company said yesterday that Mr McGauchie would join the board at the annual meeting in two weeks, replacing Peter Hughes, and assume the chairmanship from Nick Burton Taylor three months later.

''I have been fully briefed on the recent strategic review at AAco, including the new initiatives in cattle marketing, beef processing and cattle breeding programs,'' Mr McGauchie said yesterday. AAco shares closed yesterday at $1.30, steady on Friday's close but down from $1.83 a year ago.
 
well I wouldnt count on a guy that has his company share price going downward for the past 10 years to shift something that someone else couldnt
 
knightofsx33 said:
well I wouldnt count on a guy that has his company share price going downward for the past 10 years to shift something that someone else couldnt
Click to expand...

do you think he's short or ready for a cap raise top-up?
I noticed he was also a NUF director. They don't seem to have done so bad while he was on the board. I honestly dunno about this one.

DYOR
 
Sp now back back to 1.52 and has had a slow and steady rise over the. Last couple of months. Beef prices are still low, but high lamb price(alternate protein) gives beef more backbone. No profit guidance for this year does not help one in making investment decisions. Good growing conditions in the barkly tablelands may bring a more positive result.
 
Anyone know why this one has gone pear shaped over the last few days???? I haven't seen any announcements and the weather hasn't been bad up north that I'm aware of and cattle prices are doing OK at the moment. I guess the $ is hurting them but I didn't think it would hurt this much. Any comments?????


malachii
 

I imagine a large percentage of there revenue comes from live exports into SE Asia so yep the dollars hurting them...there's alot of A Dollar export sensitive stocks hurting, same with stocks that have high USD earnings.
 
Trading halt announced.. any idea's? perhaps further damage relating to the floods in QLD??
 
Today's Cap Raising has provided an opportunity for investors without exposure to purchase shares at , what I consider to be, a fair price.
The outlook for beef consumption and sales is very positive for the foreseeable future.
This Cap Raising will position AAC on a firm footing financially by providing funds for expansion and reducing debt.


Disc. - I am invested in AAC.
 
Is there a retail SPP coming? if so does anyone know when and how much etc? If not it seems a but unfair to be diluted if things are supposedely going well
 
According to Elders the livestock ( cattle ) supply is tightening. I would expect this to have a positive impact on AAC as they are Australia's largest cattle producer and will benefit from this tight supply which should lead to higher cattle/beef prices.


Disc - Invested in AAC.
 
At last: Support and break out of falling channel. I got set last Friday.

 
The Retail Offer of 7 for 10 @1.00 has been released. AAC plan on completing the build of their Darwin Abattoir but as far as I can see, the bulk of this raising is to reduce debt.

What do people think of this offer?

Brett
 
brettc4 said:
The Retail Offer of 7 for 10 @1.00 has been released. AAC plan on completing the build of their Darwin Abattoir but as far as I can see, the bulk of this raising is to reduce debt.

What do people think of this offer?

Brett
Click to expand...

I had bought back in recently, but sold most of it back after the offer was announced.
The reason/s:
I wouldn't want to add 70% to my holding, so it's better to free up the cash beforehand.
I can now wait and decide whether to buy into the offer, having essentially shorted from $1.10 with a guaranteed buy-back of $1 (or less, should the price drop further.)

 

Back on a full position now, and despite low volume around current (resistance) levels, the momentum is pointing upwards.

 
I bought my entitlement only with intention of selling straight away for a modest profit.

However I'm reconsidering because the major shareholder (AA Trust, an investment vehicle of Joseph Lewis i.e. Tavistock Group) is now at 19.99% plus he has stumped up a lot more for some preference shares at a relatively low interest rate to allow AAC to finish off its Darwin abattoir. If all the prefs were converted (subject to 3% every 6 months creep rule), Tavistock would have nearly 30% of AAC.

Plus AAC is trading 62% of book value, so if broken up/taken over could be worth a lot more. Takeover might be Tavistock's intention.
 
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