BPC - Burns Philp and Company
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Re: Burns philp....BPC
This stock is going down and I predicted a share price of 66c, I'll wait and see what happens.
Check this article about it:
http://www.finance.news.com.au/story/0,10166,15235205-462,00.html
This stock is going down and I predicted a share price of 66c, I'll wait and see what happens.
Check this article about it:
http://www.finance.news.com.au/story/0,10166,15235205-462,00.html
Re: Burns philp....BPC
WARREN, their cash assets per share is 69cents...if it goes down to what you say I SHALL be buying heaps..read the article again..and you find they are making profits...going forward..they are a big group...and will do well in the future..UNCLE TOBY UP..OILS & margarines up...profit up from $3.8 million to $29.6 million they say it will be the same as last year..well they had to get rid of a lot of DEADWOOD...and by the end of the year the picture will look much more healthy....Management are satisfied with their results....as the group will even produce for inhouse brands....but not at GIVEAWAY prices..be assured MR Hart is NO FOOL..he allready proofed that
WARREN, their cash assets per share is 69cents...if it goes down to what you say I SHALL be buying heaps..read the article again..and you find they are making profits...going forward..they are a big group...and will do well in the future..UNCLE TOBY UP..OILS & margarines up...profit up from $3.8 million to $29.6 million they say it will be the same as last year..well they had to get rid of a lot of DEADWOOD...and by the end of the year the picture will look much more healthy....Management are satisfied with their results....as the group will even produce for inhouse brands....but not at GIVEAWAY prices..be assured MR Hart is NO FOOL..he allready proofed that
Re: Burns philp....BPC
Warren, the brokers are trying to sell it down but ample support here..11 million so far....if Mr Watson..starts buying who is a Billionaire and also shareholder of this group between Mr Hart and Mr Watson..they have the $$$ to buy the group and at 66 cents...well you dream because of those two they would buy every share they could lay hands on..thats why I doubt your prediction...now there are about 5 different articles on the results...and you know they all say something different...I know a little bit more about the CEO..and he is a tough coocy believe it...As far as cash...and results read what SP said....its positive...they have the capacity to produce the goods...only a group such as this will get the order from WOOLWORTHS...or COLES for that matters as their range is tremendous..AustraliaNS LARGEST food manufacturer;
Warren, the brokers are trying to sell it down but ample support here..11 million so far....if Mr Watson..starts buying who is a Billionaire and also shareholder of this group between Mr Hart and Mr Watson..they have the $$$ to buy the group and at 66 cents...well you dream because of those two they would buy every share they could lay hands on..thats why I doubt your prediction...now there are about 5 different articles on the results...and you know they all say something different...I know a little bit more about the CEO..and he is a tough coocy believe it...As far as cash...and results read what SP said....its positive...they have the capacity to produce the goods...only a group such as this will get the order from WOOLWORTHS...or COLES for that matters as their range is tremendous..AustraliaNS LARGEST food manufacturer;
Re: Burns philp....BPC
Glad someone else has a positive take on the news/article.
Several other articles tell a similar story, but aren't as grim.
HeraldSun
The Australian (down the bottom)
But check this out, see what you make of it
UBS on Burns Philp
More reading, I know - but it's good to take every piece of news here/in the paper with a grain of salt...if not a different paper altogether
Glad someone else has a positive take on the news/article.
Several other articles tell a similar story, but aren't as grim.
HeraldSun
The Australian (down the bottom)
But check this out, see what you make of it
UBS on Burns Philp
More reading, I know - but it's good to take every piece of news here/in the paper with a grain of salt...if not a different paper altogether
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Re: Burns philp....BPC
Well, BPC was 0.560 a year ago
chicken said:
Well, BPC was 0.560 a year ago
Re: Burns philp....BPC
So what ,I was a year younger as well...everything changes what the price was a year ago means B all....see what UBS said there price is $1.07 target...what I said is so...Mr.Watson who lives in London has pi9les of money so has Mr Hart...both are very wealthy induviduals....and are buddies...from way back...as I said 66c...just a dream...
So what ,I was a year younger as well...everything changes what the price was a year ago means B all....see what UBS said there price is $1.07 target...what I said is so...Mr.Watson who lives in London has pi9les of money so has Mr Hart...both are very wealthy induviduals....and are buddies...from way back...as I said 66c...just a dream...
Re: Burns philp....BPC
Warren, you may not have done your homework....BPC owed $2.5 billion when the share price was that low...they repayed $1.8 Billion reducing their debt to $700 million ,their earning ,I meant profit after restructuring this year will be in the order of $110 million which could be much higher than this as per their statement....next year they estimate their earnings,I meant profit to be over $200 million climeming to $ 400 million....as this company is now effectively the old Goodmanfielder operation which as I said before is Australians largest food manufacturing company...after all the Chairman Mr Hart who revitalised this company owns 51%..something in the order of 1.2 billion shares..Mr Hart has proved to the investors ,he is one tough negotiator..BPC would have gone down the gurgler had it not been for him...I have seen him operate and he has got my support he is one tough boss but tops in what he does..And his close friend is Mr Watson also a Billionaire in his own right so between these two they can buy the show and these are the facts...I mean you saw the brokers trying to sell the shares down today...well the support was there and in fact they increased by 1.5 cents...Who bought the shares.???..I am sure we will see further support in this stock as they are now looking of equireing more food producing companies..and there gearing has now come down to a very aceptible level which before was not the case...and that is the reason the stock is supported...In fact they could pay all debts within the next two years but that would be to coservative...so they are looking for companies to buy to grow further.......and I have every confidence in Mr Hart and company...after all he knows how to make money..one of the best I ever saw he proved it when he bought BPC 8 years ago
Warren Buffet II said:Well, BPC was 0.560 a year ago
Warren, you may not have done your homework....BPC owed $2.5 billion when the share price was that low...they repayed $1.8 Billion reducing their debt to $700 million ,their earning ,I meant profit after restructuring this year will be in the order of $110 million which could be much higher than this as per their statement....next year they estimate their earnings,I meant profit to be over $200 million climeming to $ 400 million....as this company is now effectively the old Goodmanfielder operation which as I said before is Australians largest food manufacturing company...after all the Chairman Mr Hart who revitalised this company owns 51%..something in the order of 1.2 billion shares..Mr Hart has proved to the investors ,he is one tough negotiator..BPC would have gone down the gurgler had it not been for him...I have seen him operate and he has got my support he is one tough boss but tops in what he does..And his close friend is Mr Watson also a Billionaire in his own right so between these two they can buy the show and these are the facts...I mean you saw the brokers trying to sell the shares down today...well the support was there and in fact they increased by 1.5 cents...Who bought the shares.???..I am sure we will see further support in this stock as they are now looking of equireing more food producing companies..and there gearing has now come down to a very aceptible level which before was not the case...and that is the reason the stock is supported...In fact they could pay all debts within the next two years but that would be to coservative...so they are looking for companies to buy to grow further.......and I have every confidence in Mr Hart and company...after all he knows how to make money..one of the best I ever saw he proved it when he bought BPC 8 years ago
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Re: Burns philp....BPC
Chicken - since early March this stock has been going down.
Looking at the charts this trend looks like it could continue - possibly down to 60c.
To say that its going to $1.07 seems very hopeful.
For your sake I hope I'm wrong.
Chicken - since early March this stock has been going down.
Looking at the charts this trend looks like it could continue - possibly down to 60c.
To say that its going to $1.07 seems very hopeful.
For your sake I hope I'm wrong.
Re: Burns philp....BPC
Read what I said..Dutchie there is hugh support and also the shorts have gone from 6million shares to 2 millon...if they thought 60c was possible would they closed their position...no ,they think we have reached the bottom...its now a different situation...they reduced their debt to a commercial reality...and its not me who says $1.07...but UBS,Maquarie, and some of the other advisers...but we can all dream...
Read what I said..Dutchie there is hugh support and also the shorts have gone from 6million shares to 2 millon...if they thought 60c was possible would they closed their position...no ,they think we have reached the bottom...its now a different situation...they reduced their debt to a commercial reality...and its not me who says $1.07...but UBS,Maquarie, and some of the other advisers...but we can all dream...
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Re: Burns philp....BPC
Isn't it annoying to see a share not doing what it is told!
Doesn't it read the posts? Maybe its looking at its chart instead.
Isn't it annoying to see a share not doing what it is told!
Doesn't it read the posts? Maybe its looking at its chart instead.
Re: Burns philp....BPC
Read what I said to Warren...thats why the stock will not go down further...Do your research before you make statements such as these...in fact I heared they may even list back in NZ...which is a good idea...as Goodmann Fielder came from NZ...Food manufacturing in a scale as theirs costs a lot of money to establish...after all their sales are OVER $2.5 billion...
Read what I said to Warren...thats why the stock will not go down further...Do your research before you make statements such as these...in fact I heared they may even list back in NZ...which is a good idea...as Goodmann Fielder came from NZ...Food manufacturing in a scale as theirs costs a lot of money to establish...after all their sales are OVER $2.5 billion...
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Re: Burns philp....BPC
Why is it going down? Simple. There are legitimate worries.
http://finance.news.com.au/story/0,10166,15235205-462,00.html
No amount of head-banging changes facts.
Why is it going down? Simple. There are legitimate worries.
http://finance.news.com.au/story/0,10166,15235205-462,00.html
No amount of head-banging changes facts.
Re: Burns philp....BPC
There are 7 articles written about this subject and everyone has a different opinion on the subject when you read it again in fact the figures are quite good at least they are profitable..and will so in future because of their operation...super funds are buying...
There are 7 articles written about this subject and everyone has a different opinion on the subject when you read it again in fact the figures are quite good at least they are profitable..and will so in future because of their operation...super funds are buying...
Re: Burns philp....BPC
Now 90c...risen by 2 cents...and intrest returning to this stock...April was a months were the market went down even the fundsmanagers said that they had a negative return...should brighten up for the time being....back to $1 plus....
Now 90c...risen by 2 cents...and intrest returning to this stock...April was a months were the market went down even the fundsmanagers said that they had a negative return...should brighten up for the time being....back to $1 plus....
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