what's about Rulraco. Its business is the same as Elders and Aac. But no one interests in the stock.
Its main customer was Saudi. Saudi has built a ship for agri-business but the Middle East is in war. This could stall imports and exports. Once Yemen is settling down. They will import alot of food products.
The big advantage for Australia is LOWER AUD. We can compete with US but we can't go pass NZ.
Lower AUD did boosted cattles revenue amid the soft commodity index is hampered by high USD.
Raw products are favored over dairy products. Nowaday any business can have a go to rise cattles, especially resources companies like Fmg and Bru. Non Farmers can do that too if they have a big farm land.
So why should I invest in AAC, ELDER and Rulraco. Are they industry leaders. Do they able to rise quality feed stocks. Do they compete with Japan.
17 million shares just crossed in AAC, page-6
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Last
$1.39 |
Change
0.020(1.46%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.39 | $1.36 | $613.8K | 445.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 358 | 1 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
