AHF.ASX becomes first vertically integrated ASX listed dairy company by acquiring Camperdown Dairy Co. +100%
I wrote a note on the Dairy sector which included Australian Dairy Farms (AHF.ASX) and Camperdown Dairy (CDC), back in June (see note).
Since then AHF has under-performed, until today. Mention China and Dairy and the stock has turned over 27m shares and up 100%! However, AHF owns 6 dairy operations in Victoria, and by acquiring CDC, an established dairy processor, which also is one of the few with certification for rapid clearance of milk into China (CIQ). In short, debt funded and "potential" to double EBITDA in FY 2017.