Sorry Auto...just seen this
Not well run but great assets. I believe much of their value added stuff is best run by entrepreneurial type family run businesses, especially the feedlots. Margins slim and decision making with this mob a bit too bureaucratic. Bear in mind I am a bit conservative in my thoughts ( though often the opposite with my investing).
Real key to it all is calf factory and live export I believe, plus the works will be strategic .
Under share price pressure due to everyone expecting the beef price to drop, following on from herd buildup in the USA plus cheap buffalo and South American meat into Asia; and later this year more supply here.
Thing is the prices here are holding, and USA had a bounce off the lows... but it is fading now a bit.
Sorry Auto...just seen this Not well run but great assets. I...
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$1.37 |
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Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.36 | $362.3K | 264.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74917 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 430 | 1 |
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