Been tracking live cattle prices (USD) vs AAC; one has shot up 20% whilst the other has languished 20% in last 3 months.
Deeper research + comments from grass roots has given me some comfort to continue adding to both positions at current prices.
Patiently waiting for the expected material shift from pork to beef product mix in middle earth over the next few years... and for AAC's management to be rewarded for harnessing some interesting tech to decrease costs and enhance yield (profits)...
medium term play imho, I can understand why the hedge fundies would want to downplay AAC's prospects as there's a potential sharp 20% recovery in the very near future.. making AAC surprisingly cheap for accumulation @these levels imho...shhhh
[ATTACH] [ATTACH] Been tracking live cattle prices (USD) vs AAC;...
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Last
$1.37 |
Change
0.020(1.48%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.38 | $1.35 | $265.6K | 194.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19999 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1364 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
