MENU

Webster Limited Fully Paid Ord. Shrs. (ASX:WBA) water interests keeping them afloat

Analysts at CCZ Equities Research have placed a hold rating on emerging agribusiness company Webster Limited Fully Paid Ord. Shrs (ASX: WBA) on the belief its water entitlements will de-risk its 2019 crop from margin erosion.

According to CCZ, Webster’s ownership of water entitlements provides a competitive advantage, with the company able to generate record cotton harvests and walnut plantation growth by utilising its own internally-owned water entitlements.

CCZ has a $1.96 price target on the stock – up from $1.74 – with Webster shares opening the trading week at $1.82 – down from its 52-week high of $2.02 on June 19 but well up from its $1.39 share price at this time last year.

Elsewhere in the agribusiness space, short-selling activity in Australian Agricultural Company Ltd (ASX: AAC) shares appears to be declining as there is perhaps some market confidence that the company will have a better FY19 after a disappointing FY18.

While crop protection company Nufarm Limited (ASX: NUF) has seen some share price volatility – opening at $8.93 today – well down from its price of $9.61 at this time last year.

4 Stocks for Building Wealth After 50

Renowned investor Scott Phillips just released a brand-new report detailing his 4 favourite stocks to buy right now.

And I don’t know about you, but I always pay attention when some of the best investors in the world give me a stock tip.

This is your chance to get in at the very beginning of what could prove to be very special investments.

Click here to get started today!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!