BFC 0.00% 0.3¢ beston global food company limited

Ann: Lactoferrin Expansion Project - Practical Completion, page-5

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  1. 84 Posts.
    lightbulb Created with Sketch. 18
    Begol/all,
    Think you are missing that BFC today is a Broker game. WAM and Regal entry is at/near 6.5c so at 12c (today) they are doing well.
    Big problem is that BFC as indicated below has,
    • two major products - Mozzarella and possibly lactoferrins. Buy milk and BFC MUST make Mozzarella or sell whole milk after lactoferrin extraction - price??
    • no gross margin on Mozzarella. Sells below factory cost. Been reported that USA can be bought in Au at A$5.20kg. BFC Factory cost must be over A$6kg (Milk at $7.20kgMS)
    • Broker Reports (2) with all blue sky numbers.
    • no announcements on lactoferrin offtake contracts. Bega and Saputo hold now. Freedom had, but??
    • heavily over staffed. Protect Board/Sexton
    • Positive EBITDA numbers are years away if time is allowed.
    Holding my breath but fundamentals are looking bad.
 
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