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0.3¢ beston global food company limited

Ann: Lactoferrin Expansion Project - Practical Completion, page-6

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missinglink

1,027 Posts.

63

13/07/21

14:53

Post #: 54469960
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Originally posted by openyoureyes: ↑

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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Seems you sold your holding in the past 4 or 5 weeks at over 10 cents.
Good luck with your next investment and thank you for your contributions.
BFC Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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