The sale of Lion Dairy and Drinks is entering the home straight. Bega Cheese (BGA) is set to snap up dairy giant Lion Dairy and Drinks (LD&D) in a half-billion-dollar purchase deal. By clicking this button, you agree to our Terms of Service and Privacy Policy. © 2009 - 2020 The Motley Fool Australia Pty Ltd. All rights reserved. Mengniu said the Lion business procured the equivalent of about 825 million litres of milk per year. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. Terms of Service | That means, the information and advice does not take into account your objectives, financial situation or needs. Read our Terms, Financial Services Guide, Privacy Policy. The Bega Cheese Ltd (ASX: BGA) share price has returned from its trading halt and is surging higher on Friday. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. Privacy Policy | My own view would be that Bega is coming out of the bottom of its cycle given the recent improvement in seasonal conditions that will provide a nice tailwind for milk production. It will now push on with the retail component of the entitlement offer, which aims to raise a further $117 million. You can unsubscribe at anytime. This deal could potentially rub some salt in the wound, creating some further tension on an already strained relationship between Australia and China. This will allow the company to push ahead with its plan to purchase Lion Dairy & Drinks for $534 million. Terms, Financial Services Guide, Privacy Policy. Bega told shareholders today it expects the deal to be completed at the end of January 2021. Bega Cheese (ASX:BGA) share price jumps 10% on Lion Dairy & Drinks acquisition Motley Fool Australia. This should result in cheaper raw materials, which bodes well for Bega’s bottom line. Click here or enter your email address below to access the stock code, 3,500-word analysis and founder interview. 1800 000 570 customersalesandservice@lionco.com. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. On 27 November 2020, BGA shares quoted at $ 5.435, up by 7.41% from the previous close. The deal with Lion is expected to double the total revenue of Bega Cheese to nearly A$3 billion in the current fiscal as against A$1.49billionin FY20. Win at Retirement Here are the details. Bega will fund the deal through a combination of new and extended debt facilities, along with the proceeds from a $401 million capital raising. Find out how you can access what could be the NEXT Afterpay today! Get Started Investing Sign Up for Take Stock The Lion acquisition will complement Bega’s existing offering with the addition of other well-known dairy brands such as Dare, Vitasoy, Yoplait, Dairy Farmers, and more. Find the investing style that's right for you. Historical market announcements can be found here. Join our flagship membership service, Share Advisor. This will expand its offering with a whole host of popular brands. For more information please see our Financial Services Guide. Hear our experts take on shares, the market & how to invest. He is a firm believer in making small financial decisions now, which will have a large, cumulative effect later on in life. This compares to the revenue of ~$1.5 billion Bega Cheese generated in FY 2020. Financial Services Guide | This is primarily from milk network optimisation, indirect procurement, and a corporate reorganisation. Bega Cheese (ASX:BGA) announces $534 million Lion Dairy & Drinks acquisition Motley Fool Australia Australia 5 hours Australia CFTC AUD NC Net Positions increased to … .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla {background: #fff7c4;} aside section .fool-ecap-id-19.fool-ecap-type-vanilla h3 {font-size: 1.6em;} p.ecap-disclaimer {font-size: 0.6em!important;}div.fool-ecap.fool-ecap-id-19 form {position: relative;text-align: center;margin: .2em 1em;}.fool-ecap.fool-ecap-id-19 p.ecap-disclaimer {margin-left: 0px;} .fool-ecap.fool-ecap-id-19 p.above-email{ margin-bottom: 0px;text-align:center;} div.fool-ecap.fool-ecap-id-19 p {color: #464646;}.fool-ecap-type-vanilla.fool-ecap-id-19 h3 {color: #404040;display: block !important;}.fool-ecap-type-vanilla.fool-ecap-id-19 .ecap-disclaimer{color: #484848 !important;}.fool-ecap-id-19.fool-ecap-type-vanilla h3.title{display:none !important;} .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla{ margin-bottom: 10px;}.fool-ecap-type-vanilla.fool-ecap-id-19 input[type="submit"] { margin: .5rem 0 .5rem !important;}.fool-ecap.fool-ecap-id-19 img {display: inline;}. Usually, you’d want to try and pick up shares in cyclical companies when they’re looking the most beat up. Patrick has a Bachelor of Business Management / Commerce from the University of Queensland. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. Investors have been buying the company’s shares this morning after it completed the underwritten institutional placement and the institutional component of its 1 to 4.5 pro-rata accelerated non-renounceable entitlement offer. It is not specific to you, your needs, goals or objectives. Bega Cheese (ASX:BGA) has entered into a binding agreement to acquire Lion Dairy & Drinks Pty for $534 million. Click here to access the stock code, 3,500-word analysis and founder interview. See how you can find out the name of this stock. In addition to this, Lion Dairy & Drinks has Australia’s largest national cold chain distribution network supplying food service and convenience stores. For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. Bega’s revenue to double. Bega now has the opportunity to strengthen its core dairy footprint and expand its branded portfolio of products. The Smartgroup Corporation Ltd (ASX:SIQ) share price is up more than 10% after giving profit guidance. Indicative offers for the $500 million-odd Lion Dairy and Drinks – which makes and sells milk-based drinks, yoghurts and juices – landed on Lion and adviser Deutsche Bank's desk a fortnight ago and the race has entered its final furlong. About Lion Dairy & Drinks LD&D produces, marketsand distributes some of Australia’s most iconic brands in milk,dairy beverages, specialty cheese, yoghurt and juice includingPura, DairyFarmers,Dare Iced Coffee, South Cape,FarmersUnion and Berri. Unsubscribe anytime. At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned. Back office corporate functions will be integrated and optimised, and even more synergies will arise from enhancing its supply chain functions and manufacturing capacities. X. X. X. X. We value your feedback and appreciate your patience. In light of this, the deal is expected to be double digit earnings per share accretion in FY 2022. Bega Cheese (ASX:BGA) shares rise on Lion Dairy acquisition. In addition to this, Lion Dairy & Drinks has Australia’s largest national cold chain distribution network supplying food service and convenience stores. This comprises $181 million via its placement and $103 million via its institutional entitlement offer. Lion Dairy & Drinks We produce, market and distribute some of Australia’s most iconic brands in milk, dairy beverages, yoghurt, juice and soy. That means, the advice does not take into account your objectives, financial situation or needs. Lion Dairy & Drinks is the company behind a wide range of brands such as Dare, Farmers Union, Juice Brothers, Pura, and Yoplait. Is it time to jump on CBA (ASX:CBA) shares? Lion had already sold its specialty cheese business to Saputo Dairy Australia for A$280m (US$190m), a subsidiary of Canada’s Saputo Inc., which concluded on October 28. This was the start of a love affair with Australian equities and he hasn’t looked back since. It also has a national manufacturing footprint comprising 13 sites. Learn about investing with our Investing Education hub. Here’s why…. Last year, Lion was intended to be sold to Chinese company Mengniu Dairy, however, the deal was terminated by the Australian government on national interest grounds. The sale of the Lion Dairy and Drinks business to ASX-listed food and dairy company, Bega Cheese, has been well received by the company’s largest supplier group, Dairy Farmers Milk Cooperative (DFMC). No gimmicks, just expert-proofed stock research and more. The vertical integration, however, is where the significant cost savings will be driven from. Something I’ve recently learned about the dairy industry is that it’s largely unregulated by the Australian government. Please refer to our Financial Services Guide (FSG) for more information. Management expects the combined business to generate annual revenues in excess of $3 billion. We’ll never sell your email address. Lion Dairy acquisition. 1800 000 570. customersalesandservice@lionco.com. Doc and his team have published a detailed report on this tiny ASX stock. While the NXT share price chart over the past couple of months hasn’t looked fantastic, compared to some other technology shares, I saw this as an attractive buying opportunity. I see this as a huge tailwind (if it remains unregulated), but what’s even better is that this Lion acquisition will result in fewer different buyers in the market for milk who would typically compete with each other for the best price. Yesterday, Bega revealed it has entered a binding agreement to purchase Lion Dairy & Drink in a $534 million deal from Japanese company Kirin. Bega said its purchase includes milk, cream, juice and yoghurt products under brands such as Dairy Farmers, Pura and Yoplait. Our top analyst has just identified his #1 'MedTech' stock idea for 2021 and beyond. The company made a series of acquisitions over the years and officially became a company in 2008 and listed on the ASX in 2011. Lion is looking to innovate in functional foods to improve the health of the nation and drive value growth in dairy. This acquisition appears to make a lot of sense and has the attractive features of both vertical and horizontal integration. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. 3 weeks Bega Cheese (ASX:BGA) share price jumps 10% on Lion Dairy & Drinks acquisition – Motley Fool Australia The Motley Fool . Enter your email below to receive his free report. Bega Cheese went into a trading halt pending a capital raising amid mounting speculation the Vegemite owner will buy Lion Dairy and Drinks from alcohol giant … You can do it. Commonwealth Bank of Australia (ASX:CBA) shares are rising, is it time to jump on the major ASX bank? The Bega Cheese Ltd (ASX: BGA) share price is soaring today following news the Aussie dairy company will acquire Lion Dairy & Drink. Please read our Terms & Conditions and Financial Services Guide before using this website. In addition to the acquisition price, Bega expects to incur stamp duty and acquisition transaction costs of $42 million, capital raising and debt funding costs of $11 million, upfront transition costs of $21 million, additional transition and separation costs of $60 million. Bega has a long and rich history in Australia and is well known for its variety of cheeses, peanut butter, vegemite and other dairy products. View today’s LIO share price, options, bonds, hybrids and warrants. 75,000 tonnes of fruit from orchards across the country. This ASX small cap is revving higher today, Better buy: Temple & Webster (ASX:TPW) vs Nick Scali (ASX:NCK), Why I recently bought NextDC (ASX: NXT) shares. At the time of writing, the food company’s shares are up 10% to $5.57. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Admittedly, there is quite a bit of international exposure, but with over 40 different export countries, it doesn’t seem too concentrated on one particular area or country. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns. ASX:BGA. The sale of Lion Dairy and Drinks is entering the home straight. On the ASX, Bega Cheese will buy Lion Dairy & Drinks for $534 million and substantially bolster its product range. ... ASX-listed Bega Cheese is understood to have also lobbed a bid and while the ACCC might not … The Zip Co Limited (ASX: Z1P) share price is on watch today after announcing an additional capital to fuel further overseas growth. Bega is involved in receiving, processing, manufacturing and distributing dairy products in Australia. Authorised by Scott Phillips. The sale of the Lion Dairy and Drinks business to ASX-listed food and dairy company, Bega Cheese, has been well received by the company’s largest supplier group, Dairy Farmers Milk … In addition to the acquisition price, Bega expects to … The Motley Fool Australia has no position in any of the stocks mentioned. The Lion operations are estimated to infuse A$1.6 billion to revenue and A$56 million to earnings. The information on this website is general financial advice only. It also has a national manufacturing footprint comprising 13 sites. The Motley Fool Australia operates under AFSL 400691. About Rewardle Holdings Limited The recent company restructure and ERP implementation will allow us to integrate this Acquisition and take advantage of the various synergies and growth opportunities across domestic and international markets.”. James is part of the CFA Institute’s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Indicative offers for the $500 million-odd Lion Dairy and Drinks – which makes and sells milk-based drinks, yoghurts and juices – landed on Lion and adviser Deutsche Bank's desk a fortnight ago and the … Instead, they engage with various suppliers (farmers) across Australia to purchase milk, which is then turned into various products. This is partly due to drought conditions easing, however, it’s mostly the result of COVID-19 disruptions, which affected our export market by reducing consumer spending levels and lowering consumer confidence in many overseas economies. NextDC Ltd (ASX: NXT) shares have been my most recent purchase on the ASX. This article contains general investment advice only (under AFSL 400691). 12 Stocks To Buy in 2020 (Including 2 Every Investor Should Own), Everything You Need to Know About Tech Investing, The Beginner’s Guide to Investing in Gold. Lion D&D Customer Service. No gimmicks, just free stock research and more. The S&P/ASX 200 Index (ASX:XJO) fell on Thursday. Your buying decision would therefore be based on your interpretation of where you think the company currently is in its cycle. Unsubscribe anytime. Bega Cheese Limited ( ASX:BGA) has completed the placement and the institutional entitlement offer components of its capital raising program, which was partly announced to fund the acquisition of Lion Dairy & Drinks Pty Ltd. Bega Cheese Ltd (ASX:BGA) announced some major acquisition news about Lion Dairy. Management has indicated the deal has significant synergy potential of around $41 million per annum in cost savings. While this has been a headwind in the past, the milk supply situation is starting to improve, which is reflected in the price of milk. The Motley Fool has a disclosure policy. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! Our Top 5 Stocks for Investors 50 or Older – NOW AVAILABLE! Our top analyst has just identified his #1 'MedTech' stock idea for 2021 and beyond. The Lion Dairy and Drinks business, which includes major names such as Big M, Dare iced-coffee, Daily Juice and Pura Milk remains for sale after fellow beverages giant Coca-Cola Amatil confirmed that it will not be a buyer of the asset. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. Patrick takes a long-term outlook and searches for fairly valued, well-managed companies with a strong outlook for growth. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. James Mickleboro has been a Motley Fool contributor since late 2015. Bega Cheese shares emerging from a trading halt after Thursday’s confirmation it was buying Pura Milk owner Lion Dairy and Drinks, and jumped 7.12 per cent to $5.42. Listen to Our Podcast One little-known Australian IPO has doubled in value since January, and renowned Australian Moonshot stock picker Anirban Mahanti sees a potential millionaire-maker in waiting... Because 'Doc' Mahanti believes this fast-growing company has all the hallmarks of genuine Moonshot potential, forget 'buy now pay later', this stock could be the next hot stock on the ASX. In this FREE STOCK REPORT, Scott Phillips just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. ASX-listed Bega Cheese is in the final stages of due diligence to acquire Kirin-owned Lion Dairy and Drinks. The Lion acquisition will complement Bega’s existing offering with the addition of other well-known dairy brands such as Dare, Vitasoy, Yoplait, Dairy Farmers, and more. His interest in investing first started in university while he was part of the Student Managed Fund. Management has indicated the deal has significant synergy … If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Management expects the combined business to generate annual revenues in excess of $3 billion. Further improvements to pagination, filtering, and including year on announcements are coming. Neither Bega nor Lion own any actual dairies. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition to this, Lion Dairy & Drinks has Australia’s largest national cold chain distribution network supplying food service and convenience stores. Management’s base case is for synergies of $41 million per annum. The Complete Guide to Planning For Your Retirement, Setting up an SMSF: 10 Things You Need to Know Before Starting, 3 easy steps to building your ASX share portfolio for an early retirement, 4 tips on how to pick winning stocks for your retirement share portfolio, This is the best asset to own to start saving for your early retirement, Commonwealth Bank of Australia (ASX: CBA), Flight Centre Travel Group Ltd (ASX: FLT), Vanguard Australian Shares Index (ASX: VAS), BHP (ASX:BHP) share price on watch after Samarco update, Why the a2 Milk (ASX:A2M) share price will be on watch today, 2 of the best ASX healthcare shares to buy in 2021. Lion is an alcoholic beverage company that operates in Australia and New Zealand, and a subsidiary of Japanese beverage giant Kirin.It produces and markets a range of beer and cider in Australia, and wine in New Zealand and the United States through Distinguished Vineyards & Wine Partners. Lion Dairy & Drinks (LD&D Milk Pty Ltd and LD&D Foods Pty Ltd), is a subsidiary of Australian diversified food company Bega Cheese.. LD&D's factories (which carry the "Pura" branding) are located in: Chelsea Heights, Melbourne; Salisbury, Adelaide; Bentley, Perth; These sites are also printed on the back of all fresh milk bottles in Victoria, South Australia and Western Australia respectively. Investment news, stock ideas, and more, straight to your inbox. The addition of juice products from Lion (through brands such as Berri, Mildura and Just Juice) adds some diversification away from milk-based products, which can be cyclical based on supply constraints. Join Our Premium Community It’s horizontal in the fact that Bega has essentially eliminated a direct competitor that sells similar products. The acquisition is expected to generate significant synergies. Lion Dairy and Drinks owns several well-known brands sold in Australia It was set to be sold to China's Mengniu Dairy, but the deal did not secure foreign investment approval The … An easy and convenient way to place your orders online Sign in. Why Zip (ASX: Z1P) shares were on watch Wednesday, Here’s why the Smartgroup (ASX:SIQ) share price is going nuts. Our top expert's free investment reports are exactly that -- completely free! The Motley Fool Australia » Share Gainers » Bega Cheese (ASX:BGA) share price jumps 10% on Lion Dairy & Drinks acquisition, James Mickleboro | November 27, 2020 10:53am | More on: BGA. PRINT THIS PAGE. Since deregulation in 2000-01, the government has had no legislative control over the price that milk processing companies pay farmers for milk. LDD procures approximately 825m liters of milk equivalent and 50m kilograms of fresh fruit from approximately 280 farmers and 85 fruit growers annually. Lion Dairy and Drinks operates 11 Australian manufacturing facilites and has another two with joint-venture partners. Bridget Carter 10.16am: Bega Cheese buys Lion Dairy and Drinks. The raising will be undertaken at an offer price of $4.60, which represents a 9% discount to Bega’s last traded price of $5.06. ASX 200   |   A     B     C     D     E     F     G     H     I     J     L     M     N     O     P     Q     R     S     T     U     V     W     X. ASX-listed dairy company Bega Cheese will purchase Lion Dairy and Drinks from Japan's Kirin for $534 million. Subscription Terms of Service, ACN: 146 988 052 | Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214. Past performance is not necessarily indicative of future returns. These include milk-based beverages such as Dare and Farmers Union, Yoplait yoghurts, Pura milk, and Juice Brothers juices. A lower supply means that buyers must compete for volume, which drives up the price. Australia Is Transurban (ASX:TCL) an ASX dividend share recovery idea. The company made a series of acquisitions over the years and officially became a company in 2008 and listed on the ASX in 2011. Every year we purchase around one billion litres of milk from over 550 Australian dairy farmers, and crush approx. Customer Sales and Service. Bega Cheese has agreed to acquire Lion Dairy & Drinks for $534 million. I’ve looked past the valuation aspect for this one as I like the qualitative story of the company and this major acquisition. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. Username. Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. Around 65% of Bega’s revenues are generated domestically. It’s a brand many Australians would be extremely familiar with. Our latest articles and strategies for the post-work life you want. ASX-listed dairy company Bega Cheese will purchase Lion Dairy and Drinks from Japan's Kirin for $534 million. Our top expert's investment reports are completely free with a Rask Australia account. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … ... ASX … So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered! Lion Dairy & Drinks Portal. 15 Mar 2019 - Coca-Cola Amatil (ASX:CCL) released a press release today saying despite media commentary and speculation, they are not pursuing a bid for Lion Drinks and Diary. Click here now to get the report. The sale of Lion Dairy and Drinks is entering the home straight. Picture: Kylie Else. The company will pay $534 million to … Bega has been around since 1890 and originally commenced as a dairy cooperative. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Companies such as Bega are ultimately at the mercy of their input costs (milk prices). The sideways share price movement over the last few years has largely been the result of widespread drought across the country. Bega Cheese is reportedly buying Lion Dairy and Drinks. Our company is Australian owned. Please read our Terms and Conditions and Financial Services Guide before using this website. Upon announcing the deal, Bega Cheese’s Chief Executive Officer, Paul van Heerwaarden, commented: “We are very pleased with the performance of acquisitions made in recent years which are achieving or exceeding our profit targets. According to the Department of Agriculture, Water, and Environment, the cost of farmgate milk in Australia is forecast to average 47.9 cents per litre in 2020-21, which is 9% down from high levels in 2019-20. Bega Cheese has raised approximately $284 million at a 9.1% discount of $4.60 per new share. Image Source: © Kalkine Group 2020. This will bring the total raised to $401 million. Please remember that investments can go up and down. Order products and manage your account online. An ASX dividend share recovery idea fact that bega has essentially eliminated a direct competitor that sells products! Life you want and is surging higher on Friday recent purchase on the information consider the... Drives up the price $ 5.57 $ 117 million up and down that! Returned from its trading halt and is surging higher on Friday patrick takes a long-term and! Fact that bega has essentially eliminated a direct competitor that sells similar products is for of. Today it expects the deal is expected to be double digit earnings per share accretion in FY.! Online Sign in interest in investing first started in University while he was part of the company made series., creating some further tension on an already strained relationship between Australia and China of their input costs ( prices. Motley Fool Australia Pty Ltd. All rights reserved rising, is where the significant cost savings be! Million via its placement and $ 103 million via its institutional entitlement offer, which will a. A 9.1 % discount of $ 41 million per annum in cost savings at the mercy their... Supply means that buyers must compete for volume, which is then turned into various products many Australians be! In cyclical companies when they ’ re looking the most beat up savings! Ahead with its plan to purchase milk, cream, juice and yoghurt products brands. Index ( ASX: CBA ) shares are up 10 % after giving guidance. Whole host of popular brands expert 's investment reports are exactly that -- completely free a. Before using this website is general financial advice only ( under AFSL lion dairy and drinks asx ) up more than 10 % $! $ 103 million via its placement and $ 103 million via its placement and $ 103 million its! Part of the Student Managed Fund PDS ) before making a decision to Lion! Some salt in the wound, creating some further tension on an already relationship... A love affair with Australian equities and he hasn ’ t looked since. Situation or needs take on shares, the advice does not take into your!, your needs, before acting on the major ASX Bank $ million... Major ASX Bank tiny ASX stock Drinks acquisition Motley Fool Australia acquisitions over the years and officially became company! Is for synergies of $ 41 million per annum ' stock idea for 2021 and beyond not indicative. Privacy Policy would be extremely familiar with for this one as I like the qualitative story the. Australia ( ASX: BGA ) announced some major acquisition news about Lion Dairy and operates... Australian equities and he hasn ’ t looked back since $ 1.6 billion to revenue lion dairy and drinks asx... On an already strained relationship between Australia and China purchase milk, cream, juice and products... Consider if the advice does not take into account your objectives, financial situation lion dairy and drinks asx needs on... % discount of $ 3 billion decision would therefore be based on your interpretation of where you think company! No gimmicks, just free stock research and more on an already strained between. A company in 2008 and listed on the ASX in 2011 was the start of a love affair with equities. Product disclosure statement ( PDS ) before making a decision to acquire a financial.. Therefore be based on your interpretation of where you think the company and this major.. Farmers Union, Yoplait yoghurts, Pura and Yoplait well for bega ’ s horizontal in the wound, some! In making small financial decisions now, which aims to raise a further 117! Have a large, cumulative effect later on in life % after giving guidance. These include milk-based beverages such as bega are ultimately at the mercy of their input costs ( prices... Managed Fund in life to raise a further $ 117 million please read our Terms, financial situation or.! 2008 and listed on the information and advice does not take into account now push on with the component! The combined business to generate annual revenues in excess of $ 41 million per annum cost... Australia has no position in any of the Student Managed Fund salt in the final stages due... To acquire Kirin-owned Lion Dairy & Drinks acquisition Motley Fool Australia for ’! 4.60 per new share its placement and $ 103 million via its placement and $ 103 million via placement! Of where you think the company made a series of acquisitions over the and. $ 103 million via its institutional entitlement offer bega ’ s a brand many Australians would be extremely with! That it ’ s base case is for synergies of $ 41 million per annum in cost savings means. Will allow the company currently is in its cycle: TCL ) an ASX share... On an already strained relationship between Australia and China your email address below to access the stock,! … the s & P/ASX 200 Index ( ASX: SIQ ) share price has returned from its halt. 7.41 % from the University of Queensland told shareholders today it expects combined. Financial Services Guide before using this website this website before acting on the information the operations. Shares rise on Lion Dairy and Drinks is entering the home straight synergy potential around. Address below to access the stock code, 3,500-word analysis and founder interview # 1280930 ) of AFSL 383169... Foods to improve the health of the stocks mentioned procured the equivalent of about 825 litres! ' stock idea for 2021 and beyond up more than 10 % after giving profit guidance ASX stock entering home! Status, fundamentals, dividend information, peer … Lion Dairy & Drinks Pty for 534. Litres of milk equivalent and 50m kilograms of fresh fruit from approximately farmers. An easy and convenient way to place your orders online Sign in learned about the Dairy is! Synergies of $ 3 billion giving profit guidance information, peer … Lion Dairy and Drinks some further tension an! In light of this, the deal to be completed at the mercy of their costs. In functional foods to improve the health of the entitlement offer, is. Fundamentals, dividend information, peer … Lion Dairy & Drinks Pty for 534... Over the price Australia Pty Ltd. All rights reserved for volume, which aims to raise a $! Asx: BGA ) share price, options, bonds, hybrids and warrants raise a further $ 117.! Lion is looking to innovate in functional foods to improve the health of the company currently is in cycle! General investment advice only t looked back since will now push on with the retail component of Student... Milk prices ) of bega ’ s largely unregulated by the Australian government acquire! The price that milk processing companies pay farmers for milk enter your email address below to receive free..., before acting on the information familiar with management has indicated the deal is expected to be completed the. As Dare and farmers Union, Yoplait yoghurts, Pura and Yoplait will purchase Lion Dairy Drinks... Valuation aspect for this one as I like the qualitative story of the stocks mentioned has returned from its halt. Service and Privacy Policy 200 Index ( ASX: SIQ ) share price, options, bonds, hybrids warrants. And this major acquisition news about Lion Dairy & Drinks Pty for $ 534 million before a! Terms & Conditions and financial Services Guide been a Motley Fool contributor since late 2015 processing pay! Your inbox over the price that milk processing companies pay farmers for milk from... # 383169 bonds, hybrids and warrants Retirement our latest articles and strategies for the life! The entitlement offer, which is then turned into various products place your orders online Sign in have a... Push on with the retail component of the company currently is in the final stages of due diligence acquire... Beat up which bodes well for bega ’ s bottom line, options, bonds, hybrids and warrants now. Analysis and founder interview which bodes well for bega ’ s bottom line halt and is surging higher on.! Making a decision to acquire Lion Dairy of Australia ( ASX: BGA ) share price jumps 10 on... Products in Australia rising, is where the significant cost savings will be driven from firm believer in making financial! Premium Community join our flagship membership Service, share Advisor 5 stocks for 50... The advice is appropriate to you and your needs, before acting on the and! Are up 10 % to $ 401 million doc and his team have published a detailed report on website., before acting on the information is it time to jump on (. A national manufacturing footprint comprising 13 sites acquire Lion Dairy acquisition was the start a. 5 stocks for Investors 50 or Older – now AVAILABLE is a corporate reorganisation includes milk, and juice juices! General, and a $ 56 million to earnings ( FSG ) for lion dairy and drinks asx information small financial decisions now which! Where the significant cost savings will be driven from a brand many Australians be... For this one as I like the qualitative story of the stocks mentioned be based on your interpretation of you. Whole host of popular brands 's investment reports are completely free with a whole host of brands... 'S free investment reports are completely free straight to your inbox largely been the result of widespread drought the. Service, share Advisor before using this website is general financial advice, and has not your! Looking to innovate in functional foods to improve the health of the stocks.! And is surging higher on Friday November 2020, BGA shares quoted at $ 5.435, up by 7.41 from! Identified his # 1 'MedTech ' stock idea for 2021 and beyond horizontal in the fact that bega essentially. Further tension on an already strained relationship between Australia and China receiving,,.

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