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Costa Group Holdings (CGC)

$3.32
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What does Bull and Bear mean?

Market Matters View Point?

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Market Matters
bull
MM is neutral CGC

OPINION

Costa Group (CGC) $3.32

MM jumped off the CGC train a touch early in 2021 but I’m extremely glad we didn’t get caught in the savage plunge in late May when they looked to raise $190m at $3 to buy Queensland citrus business Farms. At this stage we see no reason to pre-empt a recovery in CGC but we are watching the fruit and vegetable business fairly closely as it has a habit of trading through bouts of both excessive optimism and pessimism.

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Costa Group (CGC) $3.34

As touched on yesterday afternoon CGC has gone into a trading halt as it looks to raise ~$200m to fund a citrus acquisition, not surprisingly as they search for money the company announced that operationally there were no adverse hidden surprises.

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Costa Group (CGC) $3.40

CGC: shares in the fruit grower will spend Wednesday in a trading halt as it looks to fund the acquisition of 2PH Farms for an initial $219m.

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Costa Group (CGC) $3.37

After CGC tumbled 24% yesterday it made sense to pre-empt questions that I’m sure many subscribers are considering this morning i.e. is it time to buy back into CGC?

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Costa (CGC) earnings bounce back $4.53

The momentum in CGC continued today as the company beat FY20 earnings expectations plus they paid down more debt than we thought they would - the shares up almost 13% as a consequence.

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Trade Alerts – Costa Group (CGC) & A2 Milk (A2M)

It has been an incredibly tough time for A2M over the past 12 months with the share price halving as a combination of management issues and demand reductions thanks to COVID at a time when the company was maturing, and growth was becoming more difficult. Costa on the other hand has enjoyed a strong resurgence over the past year with better production levels and demand for produce.

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ACTION

CGC
UPDATED 30/07/2021 16:37
CGC
UPDATED 24/06/2021 18:52
MM likes CGC under $3
Add To Hit List
CGC
UPDATED 28/05/2021 17:08
CGC
UPDATED 22/02/2021 16:56
MM are now neutral CGC
Add To Hit List
CGC
UPDATED 18/02/2021 14:50
MM are selling CGC in the Flagship Growth Portfolio - taking a small loss around $4.09
Add To Hit List
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Fruit & vegetable grower

Costa Group (CGC) farms and markets fruit and vegetables in Australia and around the world. Its produce includes berries, mushrooms,  citrus fruits and tomatoes.

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Costa Group (CGC)
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Costa Group (CGC)
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Costa Group (CGC)
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Costa Group (CGC)
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Costa Group (CGC)
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Costa Group (CGC) v a2 Milk (A2M)
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