Nine times out of ten it's pleasing to see Directors purchasing on-market. No exception here, especially when the gent is a much respected Director.
Interesting that he expended coin at $4.70 today, and $4.98 previously.
It's by no means guaranteed that BGA won't fall further, but there must come a point when at A$4.69 as it finished today on a P/E of under 10 and remaining profitable (albeit having to pay a high price per kilogram for milk solids), BGA becomes hard to ignore for value.
Concerning though on recent visits to WOW/MTS' IGAs to be observing various BGA ranged items (especially sizes/varieties of Dairy Farmers' Thick'N'Creamy) missing from the shelves.
My favourite is Yellow Box Honey that on the last day of a week-long $1.15 special for the 150 gram small tubs, an inner Melbourne COL was out of stock this morning.
The rather woke mainland Chinese apologist who purchased a large tranche in recent weeks isn't selling so that adds substance to the hypothesis.
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