So much for wishing for a peaceful future after the recent AACo board upheaval. Does the drama ever end? And should Australians be concerned? Australia is the largest exporter of red meat in the world and the largest exporter of beef, in value terms. (Second, in volume terms, to Brazil.) Increasing world food shortages are […]
Fiona Lake Blog
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AACo, IFFCo and Felda
June 21st, 2009Great Southern Sale of Wrotham Park and Chudleigh Park Stations
June 19th, 2009Shortly after 11am, bidding on Chudleigh Park immediately commenced at $18 million but the initial rapid fire bids of $2m stalled for a lengthy period at $24m. After private discussions with highest bidder Peter Camm, Chudleigh Park was sold to Camm Cattle Company for $28 million just after 12.30pm. (Camm Cattle Company sold NT stations […]
Moola Bulla station auction results
June 18th, 2009Halls Creek cattle station Moola Bulla was passed in at auction on 16th June, for $25 million. The auction had been scheduled to start at 11am but commencement was delayed until 4pm. Apparently Great Southern receivers McGrath Nichol were hoping the 3 stations – Moola Bulla, Chudleigh Park and Wrotham Park – would fetch at […]
Australian Agricultural Company Annual General Meeting Results
June 13th, 2009The AACo AGM was held in Brisbane on Friday 12th June. Shareholders voted in 4 new Directors and re-elected the most recent appointee, Stephen Lonie, who is now Chairman of the AACo board. Former directors now reinstated are Nick Burton-Taylor and Chris Roberts, along with IFFCO’s representative Arunis Paliulis and cattleman Peter Hughes (who was […]
AACo Board Meeting set for 12 June
June 3rd, 2009Fairfax’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 […]
AACo 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 […]