I do my own research also.
Brokers get me information and I make my own decisions
Never rely on a broker
But in case of this report it is a good analysis... it won't be 100% but it is good place to start
They moved to a buy on bega which is good as the higher the Bega price the more accretive the acquisition
They are sort of doing work for bega without being asked to or paid to do it
It might not happen as bega may not be prepared to pay the silly prices the farmers want
This is to one help bega as bells does work for them to raise money and to educate seller on what their shares a worth
I have been saying that the farners need to back their valuation with hard numbers not dream numbers
Bega like I said don't pay for this report nor do they ask for it to happen
Bells would like it to happen as it would mean the clients with Bega shares will do better and they may make money out of a capital raising bega may do
Bottom line it will be circulated around mkt and sellers will hopefully be educated on what their business is wirth
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