8 months after the Float i reckon its time for an update.
BGA is now trading at a 17.5% discount to the $2 float price of just 8 months ago, paid a maiden FF dividend of 3 CPS recently and formally executed a 5 year supply agreement with Coles to produce Coles branded cheese, they have also completed a merger with Tatura Milk Industry’s so now have a Victorian production facility…and they own 15% of ASX listed (WBC) Warrnambool Cheese & Butter.
So for anyone that thought (Like me) that the $2 float price was a bit rich…hows a 17.5% discount sound? i imagine a merger with WBC is on the cards somewhere down the road thus making BGA an Aust Dairy powerhouse…certainly the #3 player behind Parmalat and Nat foods…in a market where there are only 5 or 6 manufacturers of any significance.
~
