Top listed agribusinesses post stellar returns
The top 10 listed agribusiness stocks posted more than 80 per cent returns, with an average of 134 per cent, outperforming the All Ordinaries, Dow Jones, FTSE and Nasdaq indices according to theAustralian Agribusiness Group(AAG) since October 2000.
AAG’s annual review of listed agribusiness stocks compares them against the four indices and creates an Agri-Index with AAG stating the latter index substantially outperformed when compared to any of the four main indices.
According to AAG, a $10,000 parcel of agribusiness shares in October 2000 would be worth nearly $14,240 but only worth just over $9900 compared to an All-Ordinaries basket of shares.
The best performing agribusiness stock was Willmott Forests which posted a total return of 265.6 per cent for the 2003 calendar year reflecting the strong placing of timber companies in the index.
Great Southern Plantations posted 153.3 per cent while Timbercorp, Forest Enterprises and Australian Plantations Limited posted 127 per cent, 114 per cent and 105 per cent respectively.
The average return for the AAG Agri-Index was 39.1 per cent and the median return 25 per cent with 40 of the 51 companies in the index posting returns at the break-even or higher level.
Of the 11 stocks to fall below the mark, eight posted negative returns above 14 per cent with Deep Sea Fisheries at -21.7 per cent, Southcorp at -25.30 per cent and Atlantic at -52 per cent performing the worst.
AUTHOR
Jason Spits
Recommended for you
Adviser losses this week are quadruple the same period a year ago, with the industry falling into negative territory for the last 12 months.
Colonial First State has announced the latest manager to join its Edge managed accounts menu, focusing on providing investors with a strategic income.
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.
