AAC 2.04% $1.44 australian agricultural company limited.

AAC still 50% below 2007 levels?, page-6

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    The 2013-2016 Annual Reports are somewhat more instructive on the recent history than the 2007 AR.

    2007 includes the pre-GFC peak in land values and meat prices, which had run up remarkably in the years prior. The 2009-12ish drought also had quite some negative impacts across the business.

    The capital raising that gave our now Majority holders their big stake was somewhat of a complete debacle, but wasn't necessarily a Management decision (as opposed to Board).
 
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