People need to get over the fact the accounts don't represent a 100% accurate value of the assets.
Something is only worth what some else is willing to pay for it. A rich Chinese buyer may offer well in excess of what is recorded in the books & the asset in undervalued.
Someone may offer $2.50 a share for the whole company & all the assets are undervalued.
The only time an asset is 100% accurately recorded is if a sale price is agreed during or just before the accounts are prepared.
The important thing is that the accounts show a (subjective) fair value.
Bonitas's suggestion that the orchards should not have been revalued is not only ridiculous but illegal. If RFM had taken a conservative view & said we aren't going to revalue up our assets because we don't think it's right PWC would have most likely given the accounts a qualified view & the sp would have slumped.
It's also worth noting that in the past the assets have been reduced in value & it is very likely that none of the assets will be sold in the next 10 or 20 years.
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rural funds group
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Last
$1.82 |
Change
0.015(0.83%) |
Mkt cap ! $710.2M |
Open | High | Low | Value | Volume |
$1.81 | $1.83 | $1.81 | $387.7K | 213.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 70844 | $1.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.83 | 24597 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 72141 | 1.820 |
7 | 5004 | 1.815 |
14 | 42831 | 1.810 |
12 | 13993 | 1.805 |
12 | 35666 | 1.800 |
Price($) | Vol. | No. |
---|---|---|
1.825 | 24106 | 18 |
1.830 | 177482 | 20 |
1.835 | 12465 | 13 |
1.840 | 58512 | 15 |
1.845 | 36330 | 8 |
Last trade - 13.20pm 10/07/2025 (20 minute delay) ? |
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RFF (ASX) Chart |