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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
    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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