Lachlan Farming Limited (LFL)
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Fund Overview |
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Share Prices |
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Distributions |
Recent News
Fund Overview
LFL is an unlisted public company, which was previously involved in large-scale cotton farming in the Hillston district of central New South Wales. It was established in June 1998 and at that time was one of the largest agricultural developments in Australia.
LFL ceased farming operations in June 2008 and has sold down the majority of its land and water assets. The Mooral and Yilgah properties were sold with LFL providing some vendor finance. This has been paid in full for the Mooral property, and payments for Yilgah are due by 20 December 2012 at the latest.
Table 1: Expected timetable of payments to Shareholders| Repayment Period | Total Payment | Payment per share |
| July 2010 (Paid) | $18,600,000 | $0.5891 |
| July 2011 (Paid) | $4,500,000 | $0.1425 |
| January 2012 (paid) | $1,500,000 | $0.0475 |
| December 2012 | $3,500,000 | $0.1108 |
| Total | $28,100,000 | $0.8899 |
Table 2: LFL Shares and net assets
| Lachlan Farming Limited as at 31 January 2011 | |
| Shares on Issue | 31,571,118 |
| Net Assets | $3,589,636 |
Share Prices
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Distributions
Table 3: LFL Distribution HistoryRecord Date |
Reinvestment Date |
Cash Payment Date |
Distributions Paid (per share) |
Tax Deferred |
Income |
Franking Credit |
Total |
| 31/12/2011* | Not Applicable | 16/01/2012 | $0.0475 | $0.0434 | $0.0041 | To be advised | $0.0475 |
| 0/07/2011* | Not Applicable | 04/07/2011 | $0.1425 | $0.1298 | $0.0127 | To be advised | $0.1425 |
| 01/07/2010 | Not Applicable | 02/07/2010 | $0.5891 | $0.5127 | $0.0764 | $0.0053 | $0.5944 |
* The franking of the income component will be determined at the end of the 2012 financial year to ensure the franking is maximised. Franking credits will be provided to shareholders in their September 2012 Tax Statements.
Key Documents
-
Annual Report
30 June 2011
- Newsletters
- Annual General Meeting Minutes
14 November 2011

