DairyDude (DD), congratulations. Finally someone presenting market facts and not fantasy.
Refer two Broker Reports off BFC website,Background information to these reports surely must have come from BFC - Board and Management.
- file:///C:/Users/61487/Downloads/MST-Access-BFC-Update-Note-2-June-21%20(1).pdf
- file:///C:/Users/61487/Downloads/Sequoia_Reinitiation-of-coverage_Buy-PT-21.docx%20(2).pdf
DD your A$600KG is very very different to expected prices shown in both reports. Also note cheese to have positive gross margin. Have read posts on BFC that show imported Mozzarella is coming into Australia at A$5.20kg block yet BFC estimated factory cost is $6.20kg.
DD, BFC must be short of cash. Balance Sheet will probably show increased Debt.
End August we get EOFY announcement - numbers shown in Broker Reports are a big warning but more problems in FY21/21 must be no Cheese margin, no lactoferrin margin/sales (contracts??), no positive cash and more pain.
Time for change - new Plan. new Board and Management changes.
Will buy back when changes made and price reflects true value.
- Forums
- ASX - By Stock
- Ann: Lactoferrin Expansion Project - Practical Completion
DairyDude (DD), congratulations. Finally someone presenting...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BFC (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.991M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
BFC (ASX) Chart |
Day chart unavailable