you and wazdan are likely highlighting what I have long suspected ....and I have posted about my suspicions on here
and that is the properties sell cattle cheaply to the value adding divisions, chiefly the feedlots, in order to boost the claims that the value adding divisions are successful
Ann: FY24 Results Investor Presentation, page-30
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$1.40 |
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Mkt cap ! $843.8M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.42 | $1.38 | $239.3K | 171.6K |
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| No. | Vol. | Price($) |
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| 1 | 3434 | $1.39 |
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|---|---|---|
| $1.43 | 14006 | 1 |
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