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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (68155)	7/22/2021 10:46:42 PM
From: Frank Sully	Read Replies (2) \| Respond to of 78958

Re: BWEL They recently completed the sale of their Australian Auscott assets for estimated US$350 million (see article below), which will add to their FY 2021 revenue ended June 30, 2021, and add to FY 2021 earnings. Also, pistachios will be profitable in FY 2021 ($21/share earnings) and will get more profitable in the future. Message 33012264 Lastly, cotton and tomato paste prices have been high this year. Their FY 2021 results should be very strong and their future looks bright! Sully PSP Investments, Robinson Australian JV buys cotton producer Auscott BY FLORENCE CHONG18 MAY 2021 Australian Food & Fibre (AFF), a joint venture between Canadian pension investment manager PSP Investments and the Robinson family, an Australian farming enterprise, has acquired cotton producer Auscott. AFF is buying Auscott, including properties, ginning, warehousing and marketing operations from JG Boswell Company in a deal believed to be worth around A$500m (€320m). PSP Investments’ senior managing director and global head of natural resources, Marc Drouin, said: “AFF’s acquisition of Auscott represents a significant milestone, and is the latest in a series of strategic initiatives the company has launched and delivered on since the inception of our joint venture.” AFF managing director, Joe Robinson, said: “Auscott’s six decades of operation in the sector reflects Australia’s leading position on the global stage in high-quality cotton, and the importance of a long horizon for value creation.”