This is a pretty basic question that should be the main factor for those cattle investors.
We all have 3 cows per drove according to the latest Livestock Trading Account received a week ago. What is the value? Ok, maybe there are transport,etc issues but surly someone can tell us what the value is.They are on prime land and close to markets. Would the three of these cows be worth more that the 5602 shares we receive?
We paid $5,000 (plus GST plus Insurance) and will recieve 5602 times the market price.Currently ,at 16c, this is $896 and have to pay tax ,this year, on 5602 times 28.5c.
But,in the simplest form, are my three cows worth less than $896? What is the price please.
Add to My Watchlist
What is My Watchlist?