Companies / AAC
ASXAustralian Agricultural Company (AAC) in our theses
Australian Agricultural Company appears in one of our theses. Below is why it entered the basket and how it has done since publication.
America Is Running Short of Cattle: The Smallest Herd Since 1951 Is Tilting Global Beef Trade Toward the South
The US cattle deficit is locked in for years by the biology of the herd cycle, and record imports are shifting margin to beef exporters in Brazil and Australia.
Why this company: Australia's largest owner of cattle herds (wagyu beef). Record Australian exports to the US lift cattle prices, selling margins and the valuation of the company's herd and land.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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