Today's Country Hour mentioned one valuation of CBH as $7.93 billion. If I heard this figure correctly, and if this was to be evenly split amongst say 6000 shareholders, each would get an average of around $1.3 million worth of shares.
This figure cannot be an accurate estimate, though I think I remember that South Australian growers received an average of $300,000 worth of shares when ABB was "de-mutualised" in July 1999. If my figures are right, and ABB was worth $300,000 in 1999, CBH could be worth $1.3 million for each grower now.
No matter what the long term dangers of outsider share-holders controlling grain handling, this sort of money could be very handy now. Presumably, cashed-up farmers who might think otherwise could buy the shares of others who need to money for survival.
Wonder what CBH thinks?
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