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1.9¢ australian dairy nutritionals limited

Ann: Sale of Drumborg farm unconditional, page-16

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48 Posts.

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02/12/20

10:16

Post #: 49288455
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Originally posted by BIllyBaxter: ↑

Please explain the rational behind ‘great price’...easy statement to make with no detail

Ordinary grazing / mixed farming country in Western Victoria (without the level of capital improvement nor irrigation infrastructure / water license of the Drumborg farm) is currently selling for $6,000 per acre or more (the Drumborg farm sold for just under $6,000 per acre)

To move the Drumborg farm to nearly complete the organic certification status and then sell the asset prior to defies logic, considering the AHF vertical integration business model is based around producing organic dairy products

Or did AHF invest in the AHF farm for non financial reasons?....as over the 5 year ownership of the farm it has not given a satisfactory ROI (operating cash return + capital growth) especially when considering the significant capital investment in the Drumborg farm

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Good question(s) to ask at a real AGM. Not sure about getting the cut through at a virtual AGM.

It really does require explanation from the board. Even if 'we' can surmise.

AHF Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.9¢		Change -0.001(5.00%)		Mkt cap ! $14.12M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.9¢	$988	52K

Buyers (Bids)

No.	Vol.	Price($)
3	7263155	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	4818020	5

View Market Depth

No.	Vol.	Price($)
3	7263155	0.019
4	4076127	0.018
2	308823	0.017
1	250000	0.016
2	105000	0.015

Price($)	Vol.	No.
0.020	4818020	5
0.021	25000	1
0.022	1545000	3
0.024	334621	2
0.026	500000	1

Last trade - 16.10pm 17/10/2024 (20 minute delay)

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