Usually cows are leased at a set figure per lactation and strict criteria on the welfare and management of those livestock. During in the drought a few years back farmers were parking their better cows with non drought affected farmers, but that is or was not the situation with PDF buying of cattle. Shareholders were led to believe(via ASX announcements) that these animals were purchased for immediate increase of production on the imminent settlement of the purchase of some dairy farms.
No real information has ever been disclosed to shareholders so all they can do is surmise, this appears to be a problem with companies where management and the board have control of the shareholding in a company.
IMHO
PDF Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held