AACo. 15 million acres of ranch land across Queensland and the Northern Territories, 600,000 head of cattle, no debt, new management, rising beef prices and not covered by analysts. Plus earlier this year it rained heavily, in some areas for the first time in ten years, re-filling the aquifers. Thus feed and watering costs should fall. A new Gulf/Malay 20% shareholder is also a key beef buyer for protein-hungry Asians and brings added stability to the share register. As Australia's oldest continuous company, it looks a forgotten gem.
| Sedol |
Type |
Price |
Date |
| 6382285 |
Buy |
AUD 1.412 |
09/04/2010 | |
