Why do you say “no light at the end of the tunnel”?
Cattle prices are now booming, seasonal conditions much improved over large areas of Aus, land prices still moving up, AACo is undervalued on assets alone, business performance should improve for the next little bit at least despite premium beef market difficulties in the current circumstances.
Sometimes dogs like AAC take a while to be forgiven for past sins, think Livingstone.
I would be very surprised and disappointed if the next results aren’t improved. I expect a material SP rerate up by year end.
Very little downside here!
Why do you say “no light at the end of the tunnel”?Cattle prices...
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Last
$1.46 |
Change
0.055(3.93%) |
Mkt cap ! $877.0M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.47 | $1.40 | $955.3K | 660.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 8144 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AAC (ASX) Chart |