Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Acumentis Group Limited
  6. News
  7. Summary
    ACU   AU0000077604

ACUMENTIS GROUP LIMITED

(ACU)
  Report
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

A Day In The Life Of A Valuer: Breath taking Landscapes, A Job That Makes A Difference

08/23/2021 | 01:24am EST

There are definitely some perks to being a valuer. Like this day when I got to fly to Yuna. I was thrilled to leave behind the hustle and bustle of a city and treat my eyes to some breathtaking landscapes in WA.

Yuna is an established farming region- 130 kms North East of Geraldton in WA. The aim was to conduct a valuation for a Tax Depreciation schedule on a property with substantial structural assets in beautiful country, but I was also excited to put a newly established Agri- Depreciation Portal into play. I had my highly experienced colleague Ross Sharp Regional director WA with me - again a rarity as most of the time we fly solo. Great company, a new tool to streamline our Tax Dep processes and an opportunity to witness nature at its best- I felt like a kid in a candy shop.

The property comprised a dryland cropping enterprise with circa 9500ha planted to mixed cereals. Farming can be so fickle. In April 2021 cyclone Seroja ripped through Indonesia killing 272 people, then down to Australia through the Yuna area, causing substantial widespread damage. It also destroyed the town of Kalbarri and Northampton and associated farming areas. The property in question lost close to a third of all structures on the farm, many uninsured. The event brought significant rainfall and flooding which came at seeding time. Farmers licked their wounds and jumped straight onto tractors putting in what is looking like being record-breaking crops for the region. Follow-up rains have been constant and well above average. The crops are now so advanced, it is a certainty that the best returns ever seen in the area will be the result. This was a case where luck was on their side and nature was kind to them.

A story that has not been the same for many in regional WA as I have seen my colleagues here at Acumentis being extremely busy undertaking insurance valuations and consultancy in the two damaged towns of Kalbarri and Northampton in WA.

This reconfirmed how our jobs in aiding owners with depreciation schedules and appropriate insurance valuations could safeguard them from the repercussions of a volatile market and prepare them to face the harshness of nature which many Australians have faced at least once in their lifetimes.

This one was a good day- to see a flourishing farm and we did take the time to enjoy the beautiful crop and some breath taking wildflowers. I just hope more owners realise the value of protecting themselves with insurance valuations and Tax dep schedules for better cash flow and enabling them to stack up against all odds when the chips are down.

Nathan King
National Director - Advisory, State Government & Projects, State Director - WA
- Perth
CPV | AAPI | FRICS
P: 0416 082 499

Disclaimer

Acumentis Group Limited published this content on 23 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2021 05:23:02 UTC.


ę Publicnow 2021
All news about ACUMENTIS GROUP LIMITED
11/30ACUMENTIS : What's happening in Brisbane's fringe office market?
PU
11/30ACUMENTIS : Tax Depreciation Case Study – Two Cattle Grazing Farms
PU
11/19ACUMENTIS : A deep dive into the Sydney Metro West Project and its impact on CBD office an..
PU
11/12Tips for business succession planning
PU
10/28Growth trajectory continues for Acumentis
PU
10/27Annette Smith wins The Lesley Bennett Women in Property Award
PU
10/262021 – The year of the family farm
PU
10/15ACUMENTIS : Family law property valuation explained
PU
10/08ACUMENTIS : The perks of being an Acumentis employee
PU
09/24ACUMENTIS : Agribusinesses nationwide improve Net Cash Position by millions through tax de..
PU
More news
Financials
Sales 2021 44,0 M 30,9 M 30,9 M
Net income 2021 -9,69 M -6,79 M -6,79 M
Net Debt 2021 2,36 M 1,65 M 1,65 M
P/E ratio 2021 -1,86x
Yield 2021 -
Capitalization 27,8 M 19,5 M 19,5 M
EV / Sales 2020 0,49x
EV / Sales 2021 0,46x
Nbr of Employees -
Free-Float 56,4%
Chart ACUMENTIS GROUP LIMITED
Duration : Period :
Acumentis Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Timothy Rabbitt Chief Executive Officer, Director & MD
John Richard Wise Chief Financial Officer & Secretary
Keith Gascoyn Perrett Independent Non-Executive Chairman
Craig Ulrick Chief Information Officer
Damien Burley National Director-Regional Operations
Sector and Competitors
1st jan.Capi. (M$)
ACUMENTIS GROUP LIMITED28.00%19
CBRE GROUP, INC.59.31%32 772
KE HOLDINGS INC.-67.76%22 008
ZILLOW GROUP, INC.-60.45%13 791
JONES LANG LASALLE INCORPORATED54.51%12 193
FIRSTSERVICE CORPORATION43.44%8 570