Ann: Presentation - FY2023 Full Year Result, page-5

First 5 Last

Share
Profile

Follow
arms

2,404 Posts.

345

24/08/23

10:05

Post #: 69519173
Share

Originally posted by Hopeful9: ↑

BGA's Port Melbourne site sale was announced on 27 June 2023, for $114.6 million.

Yet net debt has only decreased by $57.5 million, and total borrowings are only down by $39.5 million to $269 million.

I must be missing something as it wasn't clear how BGA is going to solve the problem gorilla of the bulk products segment given it admits 'challenges remain'. How will the $A price BGA pays per kilogram of milk solids decline when there's to be further reduction in dairyfarmers' output in FY 24, and no industry rationalisation yet?

The dividend reduction from A$0.055 to A$0.03 is significant, but expected in this climate.

The only good news is that revenue was up 12 per cent indicating that (as previously discussed on 'HC') BGA is managing in its branded products division to secure price rises from the supermarkets and other entities to which it sells.

BGA's market share in the important yoghurt category inched up from 25 to 26 per cent, spreads (Vegemite, peanut butter) has decreased from 32 to 31 per cent, chilled juice's share has decreased from 23 to 22 per cent and creams and custards are down from 10 to nine per cent. Good growth as bowser1 implied, but inflation has been high, way above the RBA's target range.

I assume there'll continue to be more imports from New Zealand of butter and the like as apparently the milk solids price per kilogram over there is lower than Australian manufacturers like BGA are paying.

There is a briefing later this morning so that may shed some light on the strategy going forward.

Expand

Im pretty sure it was all explained last confernece call in regards to debt reduction and probably will be covered again today.

BGA Price at posting: $3.12 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

BOE

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $5.20		Change 0.070(1.36%)		Mkt cap ! $1.586B

Open	High	Low	Value	Volume
$5.15	$5.22	$5.15	$1.937M	373.5K

Buyers (Bids)

No.	Vol.	Price($)
4	900	$5.20

Sellers (Offers)

Price($)	Vol.	No.
$5.22	1124	2

View Market Depth

No.	Vol.	Price($)
4	900	5.200
4	26372	5.170
1	968	5.160
1	2912	5.150
2	975	5.130

Price($)	Vol.	No.
5.220	1124	2
5.230	8792	3
5.240	10196	4
5.250	6690	3
5.290	2422	1

Last trade - 16.12pm 28/07/2025 (20 minute delay)

BGA (ASX) Chart

Ann: Presentation - FY2023 Full Year Result, page-5

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Presentation - FY2023 Full Year Result, page-5

Top Stories

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News