Agribusiness schemes get own star ratings
AgribusinessResearch has released its top-rated investment scheme list with Gunns Plantation Woodlot Project the only scheme to score 4.5 stars.
The agribusiness researcher has picked nine other projects and given them star ratings between four and 3.5 stars.
The favoured projects include Wilmott Forests (four stars), Timbercorp Almonds, Palandri American Wine Business and ITC sandalwood project (all 3.5 stars). Only two of the numerous olive projects this year got top ranking. They were the Barkworth and Timbercorp projects, each with 3.5 stars.
No project achieved the maximum five stars.
The researcher chose the star rating system for agribusiness as it believed people were comfortable with this system. Managed funds researchers have used the star system for years.
Agribusiness Research competitors, such as Property Investment Research, use a lettering system with AAA its highest rating. It has just awarded its first AAA rating to Gunns Plantation Woodlot Project.
Agribusiness Research gave Gunns its highest rating because it was a fully integrated forestry company, says Agribusiness Research managing director Shane Kelly.
“The Gunns project almost guarantees the investor a return, as the company owns its production facilities,” Kelly says.
Kelly says he believes that fewer than 45 projects will make it to market in time to effectively promote their projects this financial year. This is down from almost 80 last year.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
