Bega Cheese is under Algo Engine buy conditions.
The FY21 result beat forecasts on a number of key metrics, with FY21 sales +38%, underlying EBITDA increased +38%, and NPAT up 24%.
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FY22 BGA is targeting further earnings growth and to realise the synergies from the LD&D acquisition.
BGA buying support to increase above the $5.00 support level.
1/11 update: Bega has rallied from the $5.26 entry-level and the current higher low at $5.32 is likely to see strong buying support.
18/11 update: BGA is now trading $5.70 and the price action remains above the 10-day average.
