Typical Farming Cashflow problems here.. Tie the gate on with #8 Wire....
No Remuneration in the D20 Report??
Return (inc div) 1yr: -10.35% 3yr: 7.02% pa 5yr: 2.09% pa
Duxton also Farm:
Treasury Wine Estates (“TWE”) that it is exercising its Call Option to buy back 2,799 megalitres of NSW high security water entitlements from Duxton Water.
Duxton Water reported a net profit after tax of $2.8 million (half-year ended 30 June 2022: $4.4 million) for the half-year ended 30 June 2023. Despite the wettest conditions in 60 years, which resulted in extremely low water allocation prices, the Company’s leasing revenue and realisation of capital gains from rebalancing its permanent portfolio contributed to this positive result.
****The Fair Market Value is not in accordance with the recognition and measurement requirements of the Australian Accounting Standards in relation to the accounting treatment of water assets (intangible assets). Therefore, increases in the Fair Market Value of water assets are not reported in the statutory accounts.
Liquidity TWE freed up its Assets.
Return (inc div) 1yr: 0.38% 3yr: 10.51% pa 5yr: 7.80% pa
Expected dry season into 2024, so will see how this pans out!
More about D20:
and more
Water Market Outlook – April 2023 - DAFF (agriculture.gov.au)
During July, the Company continued to monitor market conditions as entitlement values softened. Entitlement values across the southern Murray Darling Basin (“sMDB”) decreased by 3.8% on average in July 2023.
Many Australian farming businesses are currently dealing with challenging economic conditions (higher interest rates, higher input costs, and in some cases, lower commodity prices).
This has resulted in irrigators selling water entitlements on the market to generate cash to prepare for the upcoming farming season.
Return (inc div) 1yr: -3.66% 3yr: 7.97% pa 5yr: 8.44% pa
Regal Funds Management Pty Ltd and its associates. Votes: 10,936,353 Voting power: *7.18%
Filling up 'water tanks'
Duxton has recently had some distributions. So has impacted the $shares.
Had some announcements re. renounceable. share offer.ect.
3 July 2023 Bonus Issue of Options to Shareholders • 1:4 Bonus Issue of Options to all Eligible shareholders (at no cost). • $1.92 share strike price with an expiry date of 10 May 2025. • Bonus Option proposed to be quoted and tradable on the ASX under code (ASX:D2OO). • Funds to be used to expand the Company’s portfolio of water entitlements or reduce debt.
Return (inc div) 1yr: -6.77% 3yr: 6.92% pa 5yr: 6.84% pa
from here $1.50 to $1.80 may return 20%
