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
Private markets may be the hot topic of the day but two financial advisers have shared the red flags to consider and why advisers shouldn’t be tempted to invest solely in the pursuit of higher returns.
The corporate regulator has officially launched its new digital portal for financial services businesses submitting AFSL applications, offering a more “efficient, modern and user-friendly” experience.
The advice community has reacted to the re-election of the Labor Party for a second term and called on the incoming Minister for Financial Services to take “decisive action” as Stephen Jones retires from politics.
Advice licensee Finchley & Kent has announced a strategic partnership with technology firm Padua Solutions as licensees are encouraged to broaden their tech usage.
