Bega Cheese is under Algo Engine buy conditions and is a current holding in our model portfolio.
The share price has rallied from the $5.00 support level, following the announcement of Bega’s move to take ownership of the Lion Dairy & Drinks business. This includes brands such as Dairy Farmers, Yoplait, Big M, Masters and Farmers Union Iced Coffee.
It’s a significant transaction for Bega as it presses ahead with plans to become an Australian-owned powerhouse in the food and drinks industry.
The combined group will have revenues of about $3 billion, with the addition of the Lion stable of brands more than doubling the size of Bega.
Silver Lake Resources is under Algo Engine sell conditions following the lower high at $2.00 in early January.
WA-based gold and copper miner Silver Lake Resources has maintained financial 2021 sales guidance between 240,000 to 250,000 ounces of gold, with copper sales guidance upgraded to 1600 tonnes from 1100 tonnes.