AAC 2.87% $1.36 australian agricultural company limited.

Looks like we just spent another $10,000 on building the...

  1. 92 Posts.
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    Looks like we just spent another $10,000 on building the personal profile of Hugh Killen, as AAC is now a sponsor of the Zanda McDonald scholarship award.https://www.zandamcdonaldaward.com/post/aaco-partners-with-the-zanda-mcdonald-award-to-support-future-leaders-in-agriculture

    Worthy cause, but our CEO spends a LOT on sponsorships for things that bring him glowing press coverage, and at the same time paint a picture of AAC as ‘all show’ in the industry.

    A professional CEO would focus on paying a dividend first, then with excess profits sponsor things like this. It is like putting on the oxygen mask first, before helping others on a plane (or AAC private jet), unless AAC generates dividends it won’t be around to dish out more largesse.
 
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