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0.3¢ beston global food company limited

If we look at takeovers - which of the big boys would want to...

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lioness5

24 Posts.

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15/01/20

08:11

Post #: 42382729
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Originally posted by JT565622: ↑

The AGM had them selling off the farms I believed, they are probably at their peak worth with Thomas Foods spending soo much in the southeast and now saying they have completed their acquisitions. Also I don't believe they can operate a farm cost effectively, farming really struggles to make money when corporates run it, the thousands of unpaid extra hours are paid for and its actually a 24 hour job not a 9 -5 position. And too many chiefs making silly decisions as its not their money.

THe only issue then becomes supply of milk as they will be competing with the big boys for their slice of milk in an already tight market which was already indicated at the AGM

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If we look at takeovers - which of the big boys would want to take it. They would want a business that had an adequate milk supply not one desperately short of milk to make its cheese etc. A lot of the big boys don't have cheese facilities and would poroibablky want to dispose of them and then what is left? A board spill or a winding up of the company due to massive debt seems to be the only options left.

BFC Price at posting: 8.7¢ Sentiment: None Disclosure: Held
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