AAC - Australian Agricultural Company

mullokintyre · 6 September 2021

Seems no one interested in AAC anymore.
Been on a steady upward trend since May.
Up 7% today, probably due to the announcement that Brazil has closed its exports to china due to an outbreak of "mad cow Disease".
Probably too late for this one now.
Got a low ball bid at 1.38 just in case.
Mick

qldfrog · 6 September 2021

Maybe too many people with my experience
Started building a base portfolio years ago
Woolies and coles, coal, oil with woodside, minerals with min, agriculture: gnc and aacyou then see your portfolio at best lag the rest.. and give up.
I do not know why exactly anymore but now i have a perception of a very crappy management.
I like beef, and will probably enter as a nice boutique producer if we can stay on oz.

dyna · 6 September 2021

Yeah, hopeless management has to be a big part of Aarco's poor performance. It's been like this for years. They got the Rudster's daughter on board, for a China connection, I guess. She was quite happy to take the dough for attending a handful meetings each year but never held a single share until quite recently.

frugal.rock · 6 September 2021

mullokintyre said:
announcement that Brazil has closed its exports to china due to an outbreak of "mad cow Disease".

Wonder what's gonna happen to this boat on its way to Nam...
Handbrake you turn? 14,000 head supposed to arrive later this month...

Local exporters on alert as Brazil sends cattle to Vietnam in live trade first

Australia's live export industry is closely watching an historic first shipment of 14,000 bulls from Brazil to Vietnam, Australia's second biggest customer for live cattle.

www.abc.net.au

divs4ever · 6 September 2021

dyna said:
Yeah, hopeless management has to be a big part of Aarco's poor performance. It's been like this for years. They got the Rudster's daughter on board, for a China connection, I guess. She was quite happy to take the dough for attending a handful meetings each year but never held a single share until quite recently.

i glanced at this a few times over the years but could never crunch the figures to attract me .

maybe if AAC had of signed up Rudd's wife , it may have got better value for share-holders

if i made a new buy into the agricultural sector , i think i would prefer NAM or SGL(LV ) , although if cheap enough SHV would be attractive as well , for me to return to holding them

currently i prefer to hold D2O and RFF exposure with less pain ( or potential reward )

BTW i see China playing 'hard-ball' with meat imports from Australia

divs4ever · 6 September 2021

frugal.rock said:
Wonder what's gonna happen to this boat on its way to Nam...
Handbrake you turn? 14,000 head supposed to arrive later this month...

Local exporters on alert as Brazil sends cattle to Vietnam in live trade first

Australia's live export industry is closely watching an historic first shipment of 14,000 bulls from Brazil to Vietnam, Australia's second biggest customer for live cattle.

www.abc.net.au

since Vietnam is buying BULLS that implies breeding/cross-breeding , to improve the local herds , would the Vietnamese cull any sick animals and stick to the program ( i suspect so )

it might be worth watching for reports on the source of the disease , the Vietnamese might circumvent the problem using local feed on the healthy imports

mullokintyre · 18 November 2021

AAC continuing to go higher.
Yesterday was listening to a stock agent complaining about the ridiculous (to him anyway) prices of cattle.
victorian Eastern Young cattle Indicator at all time highs of 1137.
Hope it stays this high for a while as we have some steers to off load.
Market for heavy steers has already come off a bit.
Expect them to likely fall from mid December when all the northern Abattoirs close down for a month or so, the pick up again from Feb as they come back online.
Might take profits now and look to come back in the new year.
Mick

Porper · 18 November 2021

mullokintyre said:
AAC continuing to go higher.
Yesterday was listening to a stock agent complaining about the ridiculous (to him anyway) prices of cattle.
victorian Eastern Young cattle Indicator at all time highs of 1137.
Hope it stays this high for a while as we have some steers to off load.
Market for heavy steers has already come off a bit.
Expect them to likely fall from mid December when all the northern Abattoirs close down for a month or so, the pick up again from Feb as they come back online.
Might take profits now and look to come back in the new year.
Mick

Getting smashed back now.

Big intraday turnaround. I hold but will likely sell just before close unless price is well off the lows.

mullokintyre · 18 November 2021

Sold out.
Should have taken my own advice earlier in the day.
Still a smaller profit is better than a small loss.
Mick

Garpal Gumnut · 18 November 2021

Porper said:
Getting smashed back now.

Big intraday turnaround. I hold but will likely sell just before close unless price is well off the lows.

mullokintyre said:
Sold out.
Should have taken my own advice earlier in the day.
Still a smaller profit is better than a small loss.
Mick

I don't know.

This was a surprise to me. The price is like a mad aunt.

I think I'll stay on the sidelines, hold and not get out until she shows herself either ends up with the squire or the tinker.

For the moment that is.

gg

AAC - Australian Agricultural Company

mullokintyre

qldfrog

dyna

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Local exporters on alert as Brazil sends cattle to Vietnam in live trade first

divs4ever

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Porper

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