Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Investors Cheesed Off With Bega Cheese Ltd (ASX:BGA)

The Bega Cheese Ltd (ASX: BGA) share price has fallen by 6% since the start of the week when rumours began to emerge that it was raising $250 million in a capital raising.

Bega Cheese is one of Australia’s largest dairy businesses, supplying cheese under the Bega brand and also owns the Vegemite brand.

Why Is Bega Cheese Going Off?

[emaillocker]

The reason for the capital raising is because the dairy company wants to pay down debt.

As announced recently Bega Cheese spent $250 million to acquire Saputo’s Dairy Australia’s Koroit dairy processing facility. That facility processes around 300 megalitres of milk into bulk and butter, commodity and milk powders.

Of the $250 million raised, $200 million has already been raised from institutional investors at $7.20 and $50 million will come from regular individual investors.

Bega Cheese’s Executive Chairman, Barry Irvin, said: “Bega Cheese has always had a commitment to maintaining a strong balance sheet and this capital raising ensures we are appropriately geared should further opportunities arise.”

Despite the current share price decline, the Bega share price is up 117% over the past five years, according to Google Finance.

[/emaillocker]

The Best* Finance Podcast On Earth

The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. It provides unique insights from Australia’s best investors, entrepreneurs, authors and financial thinkers. Download the latest episode free on iTunes,  CastboxYouTube or wherever you choose to listen.

*as voted by us

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

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. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. 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, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content