I don't know if I am interpretting the information correctly but I would of thought that this is actually okay news. Reaffirming the previous guidance notice for FY 2022 from April is good ($175-190 million). The band is higher than the EBITDA than the previous year FY2021 ($142 million). I mean I am not going to kid myself, it's not exactly the same guidance as per December 2021 ($195 million to $215 million) but it's not like the company is going backwards. I was honestly scared of a lower revised guidance given the prolonged higher gas prices and the competition in farmgate milk prices. Also it seems like the news is finally catching on that Coles had to pass through the increased milk prices. This should make the required price rise for Bega products to peserve margins a little more palatable.
I won't speculate on the price movement tomorrow but it will be interesting.
BGA Price at posting:
$3.55 Sentiment: Hold Disclosure: Held
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)