June 27 (Reuters) - Bega Cheese Ltd (BGA) :
- SALE OF PORT MELBOURNE SITE
- ANNOUNCED SALE AND LEASE BACK OF ITS PORT MELBOURNE SITE FOR A$114.6 MILLION
- CONfiRMS ITS PREVIOUSLY ANNOUNCED NORMALISED EBITDA GUIDANCE FOR FY2023
- CONfiRMS EBITDA GUIDANCE FOR FY2023 AT LOW END OF RANGE OF A$160 MILLION TO A$190 MILLION
- HAS NOW EXECUTED AGREEMENTS WITH CHARTER HALL, WHICH WILL ACQUIRE SITE
- RESTRUCTURE PROGRAM EXPECTED TO HAVE A CASH COST OF A$21 MILLION AND CREATE ANNUAL SAVINGS OF AN EQUIVALENT AMOUNT ON AN ONGOING BASIS
- COMMENCED ITS MILK ACQUISITON PROGRAM FOR FY2024
- BUSINESS SIMPLIFICATION PROGRAM WILL INCLUDE TAX CONSOLIDATION INCURRING ONE-Off AFTER TAX COST OF A$10 TO A$15 MILLION
- RESTRUCTURE COST ASSOCIATED WILL NOW BE RECOGNISED IN FY2023 RESULT
- NOW EXPECTS INTENSE COMPETITION FOR RAW MILK TO CONTINUE BEYOND 2023
- NON-CASH IMPAIRMENT FROM MILK PROCUREMENT WILL NOT IMPACT BEGA GROUP'S fiNANCIAL STRENGTH
- DISCONNECT BETWEEN FARM GATE PRICES AND DECLINING GLOBAL TRADED DAIRY COMMODITY PRICES IS EXPECTED TO CONTINUE INTO FY2024
- STATUTORY PROfiT AFTER TAX FOR FY2023 WILL BE IMPACTED BY SIGNIfiCANT ITEMS AND OTHERS
- SEES NON-CASH IMPAIRMENT IN RANGE OF A$180 TO A$280 MILLION FOR FY2023
- INCOMPLETE MILK PROCUREMENT CAMPAIGN WILL IMPACT PERFORMANCE OF GROUP'S BULK SEGMENT OF BUSINESS IN FY2024
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Last
$5.21 |
Change
-0.070(1.33%) |
Mkt cap ! $1.590B | |||
| Open | High | Low | Value | Volume |
| $5.24 | $5.24 | $5.19 | $1.945M | 373.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 687 | $5.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.23 | 303 | 2 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| BGA (ASX) Chart |