Bega (BGA) & Seven Group (SVW) – when to buy?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 28/08/2021

Bega (BGA) & Seven Group (SVW) – when to buy?

Hi,

Just wondering can I ask a question on BGA , I like it but what price do you think it is at buy and sell? and SVW same question what is a buy price and sell .....and do you think these companies are a long term hold over all.

Thanks Glenn

Answer

Hi Glenn,

Bega Cheese (BGA) – has traded sideways for the last 6-years so we would “play the range” i.e. sell above $7 and buy below $4 until the dynamics change. Their report on Friday was solid after a transformational year for the company, having essentially doubled in size.
Seven Group (SVW) – MM is neutral / bearish today around $21.50 but we could consider accumulating into weakness 5-10% lower.

We ‘re not planning to invest in BGA or SVW for the foreseeable future.

chart

Bega Cheese (BGA)

LAST UPDATED 27/08/2021 17:58

Latest Reports

Morning report 16/04/2024

What Matters Today: Will banning Russian metals by the LME move the proverbial goalposts?

The London Metal Exchange (LME) has banned the delivery of Russian metal following tough sanctions imposed by the US and UK. The LME is a central market for metals such as aluminium, copper, and zinc. If the supply taps are turned off, prices will likely rise as they did overnight, e.g. over 90% of the aluminium on the LME is of Russian origin. However, prices have a tendency, just like water, to move in the path of least resistance and with plenty of buyers still happy to take delivery of Russian metal, by whatever means, advances are likely to be controlled in nature, assuming they do occur.

Afternoon report 15/04/2024

The Match Out: Tensions cause a soft Monday, support for equities remains though

An escalation of aggression in the Middle East over the weekend was the main cause for concern today, weighing on the local market from the get-go. The weakness didn’t cause any contagion though, equities seemed pretty well supported after hitting a low just before midday, i.e. panic didn’t set in and traders are still using dips to edge into the ASX. Energy was the main winner today, that was despite Oil markets giving back some of the gains seen on Friday night. Materials were also surprisingly well-supported thanks to US imposing further sanctions on Russian commodities, a trade we are well-positioned for.