Thanks for that Mango, the best article I've ever seen on AACo!
Joe is getting on towards 86 years of age so I would love to know who gets it in his will. It would be surprising to me if there are any grand plans from him for AACo other than a passive investment.
I like Harris quoted comments.
“If we increase the profitability of the business, if we increase the net asset value of the business – and the net asset value of the business has increased over time – they can still sell out of a share at a better share price than they bought it for and extract value out of that.”
No need for divi's until free of or almost free of debt and swimming in cash and there's no more Livingstone's.
It is so frustrating that the sp cannot stay at least near to nta until business performance becomes consistently better!
The "Cattle Empire" - Article from The Australian AAC, page-3
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