Reading through information releases in the past year, it would appear there are legal issues overhanging from 2018 that should receive resolution (in the negative or affirmative) in the first half of this year.
There doesn't appear to be any updates recently on these issues, namely: - Fonterra suing Bega for use of Bega brand on cheese products. - CZZ fake honey issue. - Kraft peanut butter issue.
These all could have major impacts on Bega. Is this the reason why the share price is held back?
Also in the annual report, what does the normalised profit mean? Is it just excluding the acquisition expenses? The normalised profit is 100% greater than their statutory profit, bringing their PE down to 15, inline with the market.
BGA Price at posting:
$4.98 Sentiment: Buy Disclosure: Not Held
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