Property sale bolsters AAco
The group has 26 properties, valued on its books at about $800 million, and some 600,000 head of cattle, worth about $400 million, against $400 million of debt - yet its market capitalisation is less than $500 million.
AAco is hoping that the heads of agreement signed with specialist rural investor Primary Holdings International will produce a re-rating of its shares.
Also hoping for the re-rating is Malcolm Jackman, chief executive of Futuris, which has its 43 per cent stake in AAco on the market
http://business.smh.com.au/business/property-sale-bolsters-aaco-20081222-73ly.html
So going by those figures Futuris 43% should be $500mill anything less Futuris shareholders would be sold out.
If not Why would The chief executive, Stephen Toms, put up that $1.2 billion value
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2.29 |
Change
0.000(0.00%) |
Mkt cap ! $775.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1340 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 1 | 1 |
View Market Depth
| Last trade - 10.00am 27/06/2025 (20 minute delay) ? |
| FCL (ASX) Chart |
Day chart unavailable