Unlike News Corp kitchen appliance company BRG did actually breakdown to levels not seen since 2020, even after the board recently reconfirmed FY22 guidance although they could be too optimistic around supply chain issues. While we believe the company can deliver double digit growth over the next few years a large part of this is already factored into the share price hence at this stage we’re comfortable sticking on the sidelines.
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Buy Hold Sell: The best and worst performers of FY25
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Friday 27th June – ASX +13pts, REH, BOE, IFL
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Friday 27th June – Dow up +404pts, SPI up +51pts
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MM is neutral BRG
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