Fairfax’s Business Today reports that Brett Heading said Nick Burton-Taylor was ‘primarily responsible for the departure of former Chief Executive Don Mackay’, amongst other very thought-provoking comments. An article well worth reading by AACo shareholders and AACo employees. Oh to be a fly on the wall and know the full story from both sides. The […]
Fiona Lake Blog
AACo Board Meeting set for 12 June
June 3rd, 2009AACo AGM postponed
May 20th, 2009The Australian Agricultural Company (AACo) AGM has been postponed. It will be held before 12 June, on a date yet to be announced by the AACo. The AGM deferment is due to an error on the proxy form that was mailed out. On May 19th it was announced that Charles Bright has resigned from the […]
Kidman’s Sandringham Station sold to the Gibson family
May 19th, 2009Sandringham Station, located between Boulia and Bedourie in far western Queensland, has been bought by Mick and Marie Gibson, for $7.5 million. Geoff and Shirley Schrader, managers of Sandringham for several decades, have been offered a position on Durrie Station by Sandringham sellers, S. Kidman & Co. The Gibson family are based at Dalby, on […]
S Kidman & Co Channel Country cattle station, Sandringham, for sale
May 14th, 2009According to the Queensland Country Life newspaper, quoting the Australian Financial Review, there is an ‘offer on the table’ to purchase S Kidman & Co’s Channel Country cattle station, Sandringham. Sandringham is near Bedourie in Queensland’s far west, south of Mt Isa, and it has been owned by S Kidman & Co for 105 years. […]
IFFCO (International Foodstuffs Company) & the AACo
May 12th, 2009IFFCO (International Foodstuffs Company) was formed in 1975 and is the ‘leading manufacturer and marketer of consumer goods in the Middle East and Africa’ (as stated on their website). United Arab Emirates based, IFFCO has offices from Russia to the U.S. and Indonesia. Michael Feller has written in Business Spectator that the company is privately […]
Elders Limited, Futuris Corporation, and the Australian Agricultural Company
May 12th, 2009Elders was an agribusiness company founded in 1839, with an emphasis over the decades on wool broking. Over the years a number of well known stock & station agent businesses merged into Elders, for example Goldsbrough Mort & Co Ltd merged with Elders Smith & Co Ltd in 1963 (to form Elder Smith Goldsbrough Mort […]
Koolatah Station, North Queensland, still for sale
May 9th, 2009Koolatah Station, in Queensland’s northern Gulf region (between Kowanyama and Mareeba) was listed for sale with Dick Larkin, of Landmark Queensland, in 2008. The station has miles of frontage onto the Alice and magnificent Mitchell River, and the homestead complex is located right beside the permanently-flowing Mitchell. As is usual for northern Australian stations, offered […]
AACo sells Rockhampton Downs Station
May 1st, 2009On 28th of April the Australian Agricultural Company sold Rockhampton Downs Station, on the Barkly Tableland (Northern Territory), to the Harris family for $37 million. They probably can’t believe their luck. Shareholder and previous board member Nick Burton-Taylor has pointed out the obvious. Why would you sell a Rolls Royce (Rockhampton Downs; prime Barkly grassland, […]
Great Southern Limited to sell Wrotham Park, Chudleigh Park & Moola Bulla
May 1st, 2009A couple of days ago (29th April) Great Southern Plantations Limited finally publicly listed cattle stations Wrotham Park, Chudleigh Park and Moola Bulla for sale. Moola Bulla is near Halls Creek, in the East Kimberley region of Western Australia. Chudleigh Park is located northwest of Hughenden, and Wrotham Park Station is near Chillagoe, west of […]