AAC 2.85% $1.11 australian agricultural company limited.

aac great result, more to come

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    AAC announced their result today and have forecast increase profit of between 15% and 25%.

    Take that fact along with their conservative PE ratio of 11 and dividend yield of 5.8% fully franked and I believe that aac will be rerated upwards shortly.

    Also, bear in mind that their property assets have been revalued upwards by $103 million to $307.1 million versus it's market capitalisation of about $210 million.

    Finally Futuris just released an announcement to say they had increased their shareholding slightly from 41.67% to 42.2%.

    All this makes for good times ahead for aac.
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