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Commentary Quarterly Report

  1. barry731

    976 Posts.

    From the commentary released this morning

    Australian Dairy Farms Group ASX Code: AHF
    31 January 2015
    AUSTRALIAN DAIRY FARMS GROUP
    Commentary on Appendix 4C
    Highlights of the December 2014 Quarter

    Australian Dairy Farms became the only ASX listed Australian dairy Farmer on 28 October 2014.
     Acquired Brucknell No 1 and No 2 Farms as per Prospectus
     $3,000,000 institutional placement oversubscribed at

    25% premium to IPO price


    Contracted to purchase two additional farms for 2015 settlement – total four farms


    Targeting >10 million litres in first full year production from four farms


    Positive net profit contribution from farm operations for the period
     Due diligence underway on additional farms – targeting 5-8 by June 2015
     Installation of computerised feed systems to Brucknell Farms to complete Q1 2015
     Implementing farm reconfiguration and laneways for new season production
     Forward purchasing contracts for summer fodder in place

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