Log in
E-mail
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. Rural Funds Group
  6. News
  7. Summary
    RFF   AU000000RFF5

RURAL FUNDS GROUP

(RFF)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Rural Funds Group (ASX:RFF) acquires first cotton farm, Lynora Downs

11/29/2016 | 05:50pm EDT

30 November 2016 - Rural Funds Group (ASX:RFF) Executive Manager Andrea Lemmon discusses the group's first foray into cotton, with the acquisition of Lynora Downs in Queensland, and the benefits of diversification for the group.


Rural Funds Group (ASX:RFF) Executive Manager Andrea Lemmon discusses the group's first foray into cotton, with the acquisition of Lynora Downs in Queensland, and the benefits of diversification for the group.

Rural Funds is pleased to advise investors that the Rural Funds Group acquired Lynora Downs for $26.5 million, inclusive of stamp duty.

Lynora Downs is a 4,880-hectare property situated at the northern end of the Arcadia Valley, in central Queensland, situated in close proximity to Rewan station, a cattle finishing station that the Rural Funds Group acquired earlier this year.

The transaction also brings a quality lessee. Queensland Cotton will partner with RFM to lease Lynora Downs. Queensland Cotton was established over 90 years ago and has 11 state-of-the-art gins to process cotton throughout New South Wales and Queensland.

Lynora Downs is a first measured step into the cotton sector, similar to our steps into the macadamia and cattle industries made earlier this year. It brings climatic diversification, sector diversification and RFM’s operational expertise to the forefront. 

ę Financenewsnetwork 2016
Stocks mentioned in the article
ChangeLast1st jan.
ASX LIMITED -0.96% 77.5 End-of-day quote.7.64%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.03% 160.125 End-of-day quote.15.65%
INCLUSIVE INC. -3.16% 1010 End-of-day quote.237.04%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.00% 123.075 End-of-day quote.8.96%
RURAL FUNDS GROUP 0.00% 2.54 End-of-day quote.-1.55%
STEP CO.,LTD. -2.04% 1773 End-of-day quote.11.02%
All news about RURAL FUNDS GROUP
07/09Rural Funds Group Announces Estimated Ordinary Distribution for the Quarter E..
CI
07/09RURAL FUNDS : Raises $22 Million Via Institutional Entitlement Offer
MT
06/14RURAL FUNDS : ASIC publishes INFO255 to establish rules for activist short selle..
AQ
05/31Rural Funds Group Announces Dividend for the Period Ending June 30, 2021, Pay..
CI
04/08Rural Funds Group Announces Estimated Dividend for the Quarter Ended March 31..
CI
03/01Rural Funds Group Declares Dividend for the Quarter Ending March 31, 2021, Pa..
CI
02/17Rural Funds Group Confirms Dividend Guidance for the Fiscal Year 2022
CI
02/17Rural Funds Group Reports Consolidated Earnings Results for the Half Year End..
CI
01/05Rural Funds Group Announces Dividend for the Quarter Ended December 31, 2020,..
CI
2020RURAL FUNDS : Purchasing Water Allocation for $24.6 Million; Shares Up 5%
MT
More news
Financials
Sales 2021 68,9 M 50,8 M 50,8 M
Net income 2021 54,0 M 39,8 M 39,8 M
Net Debt 2021 334 M 247 M 247 M
P/E ratio 2021 16,0x
Yield 2021 4,44%
Capitalization 908 M 667 M 670 M
EV / Sales 2021 18,0x
EV / Sales 2022 17,1x
Nbr of Employees -
Free-Float 98,2%
Chart RURAL FUNDS GROUP
Duration : Period :
Rural Funds Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RURAL FUNDS GROUP
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 2,54 AUD
Average target price 2,68 AUD
Spread / Average Target 5,48%
EPS Revisions
Managers and Directors
David Anthony Bryant Managing Director & Director
Daniel Yap Chief Financial Officer
Leslie Guy Julian Paynter Non-Executive Chairman
Tim Sheridan Chief Operating Officer
Michael Geoffrey Carroll Independent Non-Executive Director
Sector and Competitors