From the 'lively' blog this morning, featuring what Bell Potter says:
(as always, DYOR):
Bega Cheese (BGA)Bega Cheese Limited (BGA) isengaged in: (1) the processing,manufacturing and distribution ofdairy and associated products toboth Australian and internationalmarkets; and (2) the processingand manufacturing of spreads andcondiments for consumer markets.Our Buy rating remains on BGAis based on: (1) a historically lowforward multiple; (2) consolidatingmilk processing infrastructure; and(3) the material valuation upsideshould BGA execute on its 5 yeartargets. In addition, we note that thekey drivers of FY25e appear to haveimproved in recent months, with: (1)Australian milk production continuingto demonstrate YOY growth through4Q24; (2) YOY gains in SMP pricingin FY25e futures markets; and (3) amaterial YOY downdraft in farmgatemilk prices in FY25e based onminimum opens by major processors.
Buy, Price Target $5.35
BGA General Discussion, page-157
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Last
$4.47 |
Change
0.110(2.52%) |
Mkt cap ! $1.362B | |||
| Open | High | Low | Value | Volume |
| $4.43 | $4.49 | $4.37 | $1.921M | 431.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3085 | $4.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.49 | 13167 | 5 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| BGA (ASX) Chart |