BFC beston global food company limited

0.00%

0.3¢

BPAM vs BFC, page-4

First 4 Last

Share
Profile

Follow
blackspot12

112 Posts.

3

05/11/19

17:16

Post #: 41260684
Share

Originally posted by JT565622: ↑

I think you may struggle with getting a response as the Financial Review announced, it seems quite inappropriate, that the chairman of Bestons also is the major owner of the management company receiving an income based on a Value of Bestons which seems four times over valued, thus giving him 4 times the income. Not something Bestons would like to explain to its shareholders.

That income is being received despite the management of the company being shot, with losses doubling year in year out to now at $26 million loss this year from $13 million last year and debt going from 20 million to 40 million.

The company has more or less announced it is concentrating on Australia and is struggling to get Milk from the dairies as it also announced this, as it is unfortunately in direct competition with the major players in the dairy industry whom not have only far more financial clout but are a safer bet for dairies to sell to knowing they will get paid.

Major rethink when Mr Sexton originally sold the company to the market saying China is where they need to be, as most would be aware Australia is extremely price driven with the major players having a monopoly on the market. You will not get a major turnaround competing in Aus, China will bring you the pot of gold if you can break into it, but that seems a pipe dream now

Bestons only hope is for its bankers to continue to support them but for debts to go from $0 to $20 million now to $40 Million, over a three year period these banks maybe getting quite nervous, The other solution is to issue more shares I suppose and dilute the share value which affects those of us with an investment

Not an ideal position to be in if you are honest

Expand

Email sent 4 november 2.28pm got courtesy email back ,that it had been forwarded to Maryanne Noon for formal response.

BFC Price at posting: 9.8¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Trump just dropped a 200% tariff bomb. Here's how to cash in

CWX

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

AII

Inside the depths of Panasqueira: A legacy carved in rock

LIS

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

VMM

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

AAU

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

ILU

Rare earths stocks surge as Pentagon buys big stake in US REE miner

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

First 4 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 0.3¢		Change 0.000(0.00%)		Mkt cap ! $5.991M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

BPAM vs BFC, page-4

Trump just dropped a 200% tariff bomb. Here's how to cash in

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

Inside the depths of Panasqueira: A legacy carved in rock

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

Rare earths stocks surge as Pentagon buys big stake in US REE miner

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Featured News

Featured News

BPAM vs BFC, page-4

Top Stories

Trump just dropped a 200% tariff bomb. Here's how to cash in

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

Inside the depths of Panasqueira: A legacy carved in rock

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

Rare earths stocks surge as Pentagon buys big stake in US REE miner

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Featured News

Featured News