We were told that we came through the drought with our breeding herd intact, but that doesnt seem to be the case as the drought is now being blamed for the lower meat sales two years out of the drought
Feed everywhere, record cattle prices, huge demand for protien worldwide
Everything in our favour yet we can only make an abysmal 3.5% ROCE.
yeah its better than the 1 to 2% that we have been making, but come on dont pat yourselves on the back, maybe those team building events, where everyone in their likely $100 green shirts (that I am sure we would have paid for) get a pat on the back and a nice wagyu steak...maybe those events should be put aside as a celebration for when the owners of the company actually gets paid a dividend...talk about droughts...the dividend drought here is a doozie
cheers grant
AAC Price at posting:
$1.78 Sentiment: Hold Disclosure: Held
