DBF - Duxton Farms

[System]

Duxton Broadacre Farms seeks to capitalise on the increasing demand for grain as a vital input into a range of staple food products and the livestock industry. The Company's objective is to expand its existing interests into a diversified portfolio of high-quality, efficient broadacre farms. The Company intends to achieve this objective through the acquisition and aggregation of land rich parcels of properties that have clear scope for development to improve operational efficiencies and produce a diverse range of commodities (including as an adjunct livestock and cotton) to reduce risk. The Company's investment thesis is driven by long-term growth in global grain demand translating to significant operating margins and improved farmland values over time, providing shareholders with both ongoing annual operational yield and longer-term capital growth.

It is anticipated that DBF will list on the ASX during January 2018.

http://www.duxtonbroadacre.com

 

[InsvestoBoy]

Hmmmm

As Warren Buffett said

It should be an enormous advantage for investors in stocks to have those wildly fluctuating valuations placed on their holdings – and for some investors, it is. After all, if a moody fellow with a farm bordering my property yelled out a price every day to me at which he would either buy my farm or sell me his – and those prices varied widely over short periods of time depending on his mental state – how in the world could I be other than benefited by his erratic behavior? If his daily shout-out was ridiculously low, and I had some spare cash, I would buy his farm. If the number he yelled was absurdly high, I could either sell to him or just go on farming.

Adding to my food watchlist.

 

[So_Cynical]

DBF has been trending down for a while, floated at 1.50 two years ago.

 

[System]

On January 18th, 2022, Duxton Broadacre Farms Limited changed its name to Duxton Farms Limited.

 

[Dona Ferentes]

DBF has been trending down for a while, floated at 1.50 two years ago.

back from that $1.00 level of mid 2020 to around $1.70 these days. Has been buying back shares for most of the last 12 months, it would seem.

Is it the same company?

Duxton Farms Limited presents investors with a unique opportunity to participate directly in the Australian broadacre cropping industry and the possibility to provide shareholders with both ongoing annual operational yield and longer-term capital growth. DBF intends to achieve this through the acquisition and aggregation of land rich parcels into its existing portfolio of diversified high-quality farms, to improve operational efficiencies and the diversification of commodities produced to satisfy the long-term growth in global grain demand.

 

[divs4ever]

ACQUISITION OF NT PORTION 5088

Duxton Farms Ltd (“Duxton Farms” / “Company”) is pleased to announce that it has executed contracts to acquire the 2,386-hectare NT Portion 5088 in the Top End of the Northern Territory on a vacant possession basis for AU$10,250,000, pending approval from the Foreign Investment Review Board.

The freehold acquisition includes a water license with an annual limit of 8,021ML,which is valid until 2040.
The source of funding for the acquisition is proceeds from the ‘Timberscombe’ divestment, refer ASX announcements dated 11 April 2024, 30 May 2024, and 13June 2024.

The Board of Duxton Farms regards the acquisition of the freehold NT Portion 5088 as an integral part of its Northern Territory expansion strategy, more details of which will be released to the market in due course.

This announcement has been authorised for release by the Chairman of Duxton Farms Ltd.

For all enquiries, please call Duxton Farms on +61 8 8130 9500.

i do not hold this share

( but do hold D2O and RFF , so this area does interest me a little )

 

[finicky]

WTF?

... does interest me a little

They use cattle (and cotton) to balance risk against the broadacre crops.
They have had only one profitable year in the 6 years of listing and lately losses have been getting worse.
They have only paid one dividend (or maybe none with contractictory info on CommSec) and they carry significant net debt.
All from CommSec summaries.

 

[divs4ever]

WTF?

They use cattle (and cotton) to balance risk against the broadacre crops.
They have had only one profitable year in the 6 years of listing and lately losses have been getting worse.
They have only paid one dividend (or maybe none with contractictory info on CommSec) and they carry significant net debt.
All from CommSec summaries.

View attachment 179071

yes that is why i bought D2O and RFF , and didn't buy AAC , FRM or DBF , however that may turn around ( so i watch them from the sidelines .. so far )

the move towards NT may or may not be a move for the better

that sector yes ( since i have bought a small farm ) but not every agri-company gets some of my cash

 

[Dona Ferentes]

trouble in Duxtonistan ?

there are several listed and unlisted entities, seemingly with Duxton name in common. A pub company, vineyard interests, broadacre agriculture and farming, water rights (D2O).

Now one of them is under pressure. From the AFR:
The unlisted Duxton Diversified Agricultural Fund – which owns assets from dried fruit and dairy farms to vineyard and orchards – has told investors it had received several early withdrawal requests and cannot process them.

“Given that these withdrawal requests account for the majority of the value of the fund, the trustee is currently considering the options available,” the company said in a letter sent last week and obtained by The Australian Financial Review. “The scale of the withdrawal requests precludes the processing of any further withdrawal requests the fund may receive.”

Duxton Diversified Agricultural Fund said it would liquidate its investment in an entity known as the Duxton Water Fund and use the proceeds to pay its investors 10 per cent of the money they had put into the vehicle. It would then consider its options, and whether it should sell some of its properties or try to find a new cornerstone investor.

listed DBF had been moving along, paid 10c in July, then when Annual report in late August, dropped from $1.60 to under $1.40 where it has stayed. Buyback notices keep appearing, but for how long?