Bellamy's Australia - Organic white gold

Morgans Financial Limited

Morgans Financial Limited

Bellamy's Australia (BAL) has signed a new manufacturing contract with Fonterra. We view this as a sign of strong trading and that its supply constraints are being dealt with. On average, BAL has implemented price rises of +20% across its infant formula range in Australia. This will have a twofold impact of driving top line growth and margin expansion. Following strong trading and the implementation of large price rises, we have increased our NPAT forecasts for FY16 (26.5%), FY17 (47.9%) and FY18 (50.4%). Our new FY16 NPAT forecast of A$24.5m represents 165% growth on the pcp. We highlight that our forecasts do not include BAL entering new markets in South East Asia, the US, Europe and the Middle East or developing new products outside of the baby category, all of which are targeted by management over the coming years. View further detail on the Morgans blog: (VIEW LINK)

Morgans Financial Limited
Morgans Financial Limited

Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter