it's not that relevant to compare with other asx listed companies, but large station property owners have all had a golden era in that time period, except AACo. Even large feedlots have had some good times in that period, and like I've posted before, they likely get their cattle at a discount from the pastoral properties, in order to help massage the figures to make value adding look that bit better.
They somehow missed the real bonanza period of 2019, 20, into 21 when prices were very high and many costs were low. Sure, some of that time there was drought in the Barkly, but given the scale of their operations elsewhere, me thinks the excuse was over rated.
AAC Price at posting:
$1.40 Sentiment: Hold Disclosure: Not Held
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