AA Co shares hit new four-year high, on eve of annual results release

Jon Condon, 18/05/2022

SHARES in the world’s largest cattle producer, the listed Australian Agricultural Co, have shot to a new four-year high this week, on the strength of last week’s announcement over re-valuation of property assets.

The stock closed on the ASX this afternoon at $1.88, up 19c or 11 percent since the start of May, and up a solid 63c on this time last year. The last time share value was this high was mid-2017, just prior to the drought.

There’s also been a significant lift in daily trading volumes over the past week, including several days where well over one million shares were exchanged. Finance media chatter on Friday suggested a large western Australian buyer was responsible.

See Beef Central’s earlier article quoting Heytesbury’s Peter Holmes a Court’s move to securing a significant shareholding in AA Co, and a separate article here marking fellow Western Australian, Twiggy Forrest’s similar move a week or two later.

Back on May 9, AA Co told the market (click here to view earlier story) that it was expecting a $250 million boost to the fair value of its pastoral property assets, pushing the aggregate figure up to $1.17 billion as at 31 March. In net tangible asset terms, that’s going up from $1.88 to $2.10 a share.

Full year results being reported tomorrow (Thursday May 19) will inevitably show AA Co’s livestock valuation rising, as well.


  • Stay tuned later tomorrow for Beef Central’s reports from the full year analyst’s results briefing.






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  1. richard wilson, 19/05/2022

    Above photo “crows on fences” is the absolute no no
    and an insult to the beef cattle industry while even cattle object to seeing people perched being a distraction and of absolutely no use to anyone.

    Surely not a proud shot headlining the “world’s largest cattle producer” to the world at large.

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