We value your feedback and appreciate your patience. You can unsubscribe at anytime. It is not specific to you, your needs, goals or objectives. Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169. Last year, Lion was intended to be sold to Chinese company Mengniu Dairy, however, the deal was terminated by the Australian government on national interest grounds. Management’s base case is for synergies of $41 million per annum. Lion Dairy & Drinks We produce, market and distribute some of Australia’s most iconic brands in milk, dairy beverages, yoghurt, juice and soy. Historical market announcements can be found here. That means, the information and advice does not take into account your objectives, financial situation or needs. ... ASX … Please remember that investments can go up and down. The Motley Fool has a disclosure policy. Sign Up for Take Stock Lion Dairy & Drinks (LD&D Milk Pty Ltd and LD&D Foods Pty Ltd), is a subsidiary of Australian diversified food company Bega Cheese.. LD&D's factories (which carry the "Pura" branding) are located in: Chelsea Heights, Melbourne; Salisbury, Adelaide; Bentley, Perth; These sites are also printed on the back of all fresh milk bottles in Victoria, South Australia and Western Australia respectively. Bega has a long and rich history in Australia and is well known for its variety of cheeses, peanut butter, vegemite and other dairy products. Management expects the combined business to generate annual revenues in excess of $3 billion. Lion Dairy & Drinks is the company behind a wide range of brands such as Dare, Farmers Union, Juice Brothers, Pura, and Yoplait. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. Bega Cheese (ASX:BGA) has entered into a binding agreement to acquire Lion Dairy & Drinks Pty for $534 million. Here’s why…. Bega Cheese has raised approximately $284 million at a 9.1% discount of $4.60 per new share. Bridget Carter 10.16am: Bega Cheese buys Lion Dairy and Drinks. Win at Retirement Patrick takes a long-term outlook and searches for fairly valued, well-managed companies with a strong outlook for growth. Terms, Financial Services Guide, Privacy Policy. Bega now has the opportunity to strengthen its core dairy footprint and expand its branded portfolio of products. Image Source: © Kalkine Group 2020. Instead, they engage with various suppliers (farmers) across Australia to purchase milk, which is then turned into various products. PRINT THIS PAGE. His interest in investing first started in university while he was part of the Student Managed Fund. Since deregulation in 2000-01, the government has had no legislative control over the price that milk processing companies pay farmers for milk. No gimmicks, just expert-proofed stock research and more. Our top expert's free investment reports are exactly that -- completely free! The company made a series of acquisitions over the years and officially became a company in 2008 and listed on the ASX in 2011. Upon announcing the deal, Bega Cheese’s Chief Executive Officer, Paul van Heerwaarden, commented: “We are very pleased with the performance of acquisitions made in recent years which are achieving or exceeding our profit targets. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. It’s a brand many Australians would be extremely familiar with. He is a firm believer in making small financial decisions now, which will have a large, cumulative effect later on in life. 75,000 tonnes of fruit from orchards across the country. Bega Cheese shares emerging from a trading halt after Thursday’s confirmation it was buying Pura Milk owner Lion Dairy and Drinks, and jumped 7.12 per cent to $5.42. You can do it. While this has been a headwind in the past, the milk supply situation is starting to improve, which is reflected in the price of milk. Bega Cheese Limited ( ASX:BGA) has completed the placement and the institutional entitlement offer components of its capital raising program, which was partly announced to fund the acquisition of Lion Dairy & Drinks Pty Ltd. Our top analyst has just identified his #1 'MedTech' stock idea for 2021 and beyond. Bega has been around since 1890 and originally commenced as a dairy cooperative. Unsubscribe anytime. Your buying decision would therefore be based on your interpretation of where you think the company currently is in its cycle. 1800 000 570 customersalesandservice@lionco.com. Please read our Terms and Conditions and Financial Services Guide before using this website. This acquisition appears to make a lot of sense and has the attractive features of both vertical and horizontal integration. Username. In addition to this, Lion Dairy & Drinks has Australia’s largest national cold chain distribution network supplying food service and convenience stores. Picture: Kylie Else. ASX-listed dairy company Bega Cheese will purchase Lion Dairy and Drinks from Japan's Kirin for $534 million. Lion Dairy & Drinks Portal. Investment news, stock ideas, and more, straight to your inbox. 15 Mar 2019 - Coca-Cola Amatil (ASX:CCL) released a press release today saying despite media commentary and speculation, they are not pursuing a bid for Lion Drinks and Diary. This will expand its offering with a whole host of popular brands. Yesterday, Bega revealed it has entered a binding agreement to purchase Lion Dairy & Drink in a $534 million deal from Japanese company Kirin. This comprises $181 million via its placement and $103 million via its institutional entitlement offer. Usually, you’d want to try and pick up shares in cyclical companies when they’re looking the most beat up. 3 weeks Bega Cheese (ASX:BGA) share price jumps 10% on Lion Dairy & Drinks acquisition – Motley Fool Australia The Motley Fool . This deal could potentially rub some salt in the wound, creating some further tension on an already strained relationship between Australia and China. The company made a series of acquisitions over the years and officially became a company in 2008 and listed on the ASX in 2011. The sale of the Lion Dairy and Drinks business to ASX-listed food and dairy company, Bega Cheese, has been well received by the company’s largest supplier group, Dairy Farmers Milk … In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. The information on this website is general financial advice only. Bega is involved in receiving, processing, manufacturing and distributing dairy products in Australia. A lower supply means that buyers must compete for volume, which drives up the price. An easy and convenient way to place your orders online Sign in. In this FREE STOCK REPORT, Scott Phillips just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. Further improvements to pagination, filtering, and including year on announcements are coming. The sale of the Lion Dairy and Drinks business to ASX-listed food and dairy company, Bega Cheese, has been well received by the company’s largest supplier group, Dairy Farmers Milk Cooperative (DFMC). Learn about investing with our Investing Education hub. This ASX small cap is revving higher today, Better buy: Temple & Webster (ASX:TPW) vs Nick Scali (ASX:NCK), Why I recently bought NextDC (ASX: NXT) shares. This compares to the revenue of ~$1.5 billion Bega Cheese generated in FY 2020. This article contains general investment advice only (under AFSL 400691). The Lion Dairy and Drinks business, which includes major names such as Big M, Dare iced-coffee, Daily Juice and Pura Milk remains for sale after fellow beverages giant Coca-Cola Amatil confirmed that it will not be a buyer of the asset. The vertical integration, however, is where the significant cost savings will be driven from. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. This is partly due to drought conditions easing, however, it’s mostly the result of COVID-19 disruptions, which affected our export market by reducing consumer spending levels and lowering consumer confidence in many overseas economies. See how you can find out the name of this stock. 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The Motley Fool Australia » Share Gainers » Bega Cheese (ASX:BGA) share price jumps 10% on Lion Dairy & Drinks acquisition, James Mickleboro | November 27, 2020 10:53am | More on: BGA. Click here to access the stock code, 3,500-word analysis and founder interview. That means, the advice does not take into account your objectives, financial situation or needs. Australia Management has indicated the deal has significant synergy … Click here now to get the report. ... ASX-listed Bega Cheese is understood to have also lobbed a bid and while the ACCC might not … We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Indicative offers for the $500 million-odd Lion Dairy and Drinks – which makes and sells milk-based drinks, yoghurts and juices – landed on Lion and adviser Deutsche Bank's desk a fortnight ago and the … Order products and manage your account online. Something I’ve recently learned about the dairy industry is that it’s largely unregulated by the Australian government. In addition to this, Lion Dairy & Drinks has Australia’s largest national cold chain distribution network supplying food service and convenience stores. No gimmicks, just free stock research and more. ASX:BGA. It also has a national manufacturing footprint comprising 13 sites. ASX-listed Bega Cheese is in the final stages of due diligence to acquire Kirin-owned Lion Dairy and Drinks. Click here or enter your email address below to access the stock code, 3,500-word analysis and founder interview. Around 65% of Bega’s revenues are generated domestically. Lion is looking to innovate in functional foods to improve the health of the nation and drive value growth in dairy. Admittedly, there is quite a bit of international exposure, but with over 40 different export countries, it doesn’t seem too concentrated on one particular area or country. James Mickleboro has been a Motley Fool contributor since late 2015. Our top analyst has just identified his #1 'MedTech' stock idea for 2021 and beyond. Every year we purchase around one billion litres of milk from over 550 Australian dairy farmers, and crush approx. Is Transurban (ASX:TCL) an ASX dividend share recovery idea. The raising will be undertaken at an offer price of $4.60, which represents a 9% discount to Bega’s last traded price of $5.06. The Lion operations are estimated to infuse A$1.6 billion to revenue and A$56 million to earnings. Financial Services Guide | If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. According to the Department of Agriculture, Water, and Environment, the cost of farmgate milk in Australia is forecast to average 47.9 cents per litre in 2020-21, which is 9% down from high levels in 2019-20. For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. Here are the details. The Lion acquisition will complement Bega’s existing offering with the addition of other well-known dairy brands such as Dare, Vitasoy, Yoplait, Dairy Farmers, and more. The Bega Cheese Ltd (ASX: BGA) share price is soaring today following news the Aussie dairy company will acquire Lion Dairy & Drink. The Smartgroup Corporation Ltd (ASX:SIQ) share price is up more than 10% after giving profit guidance. Our top expert's investment reports are completely free with a Rask Australia account. Our company is Australian owned. About Lion Dairy & Drinks LD&D produces, marketsand distributes some of Australia’s most iconic brands in milk,dairy beverages, specialty cheese, yoghurt and juice includingPura, DairyFarmers,Dare Iced Coffee, South Cape,FarmersUnion and Berri. Patrick has a Bachelor of Business Management / Commerce from the University of Queensland. This was the start of a love affair with Australian equities and he hasn’t looked back since. It also has a national manufacturing footprint comprising 13 sites. Bega Cheese is reportedly buying Lion Dairy and Drinks. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns. While the NXT share price chart over the past couple of months hasn’t looked fantastic, compared to some other technology shares, I saw this as an attractive buying opportunity. In addition to the acquisition price, Bega expects to … Indicative offers for the $500 million-odd Lion Dairy and Drinks – which makes and sells milk-based drinks, yoghurts and juices – landed on Lion and adviser Deutsche Bank's desk a fortnight ago and the race has entered its final furlong. This will allow the company to push ahead with its plan to purchase Lion Dairy & Drinks for $534 million. X. X. X. X. These include milk-based beverages such as Dare and Farmers Union, Yoplait yoghurts, Pura milk, and Juice Brothers juices. On the ASX, Bega Cheese will buy Lion Dairy & Drinks for $534 million and substantially bolster its product range. This will bring the total raised to $401 million. Bega said its purchase includes milk, cream, juice and yoghurt products under brands such as Dairy Farmers, Pura and Yoplait. This is primarily from milk network optimisation, indirect procurement, and a corporate reorganisation. Find out how you can access what could be the NEXT Afterpay today! ASX-listed dairy company Bega Cheese will purchase Lion Dairy and Drinks from Japan's Kirin for $534 million. In addition to the acquisition price, Bega expects to incur stamp duty and acquisition transaction costs of $42 million, capital raising and debt funding costs of $11 million, upfront transition costs of $21 million, additional transition and separation costs of $60 million. Our Top 5 Stocks for Investors 50 or Older – NOW AVAILABLE! Is it time to jump on CBA (ASX:CBA) shares? Companies such as Bega are ultimately at the mercy of their input costs (milk prices). My own view would be that Bega is coming out of the bottom of its cycle given the recent improvement in seasonal conditions that will provide a nice tailwind for milk production. Terms of Service | View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … On 27 November 2020, BGA shares quoted at $ 5.435, up by 7.41% from the previous close. About Rewardle Holdings Limited Lion Dairy and Drinks operates 11 Australian manufacturing facilites and has another two with joint-venture partners. Authorised by Scott Phillips. Bega Cheese Ltd (ASX:BGA) announced some major acquisition news about Lion Dairy. The Complete Guide to Planning For Your Retirement, Setting up an SMSF: 10 Things You Need to Know Before Starting, 3 easy steps to building your ASX share portfolio for an early retirement, 4 tips on how to pick winning stocks for your retirement share portfolio, This is the best asset to own to start saving for your early retirement, Commonwealth Bank of Australia (ASX: CBA), Flight Centre Travel Group Ltd (ASX: FLT), Vanguard Australian Shares Index (ASX: VAS), BHP (ASX:BHP) share price on watch after Samarco update, Why the a2 Milk (ASX:A2M) share price will be on watch today, 2 of the best ASX healthcare shares to buy in 2021. Why Zip (ASX: Z1P) shares were on watch Wednesday, Here’s why the Smartgroup (ASX:SIQ) share price is going nuts. The sideways share price movement over the last few years has largely been the result of widespread drought across the country. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Back office corporate functions will be integrated and optimised, and even more synergies will arise from enhancing its supply chain functions and manufacturing capacities. NextDC Ltd (ASX: NXT) shares have been my most recent purchase on the ASX. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! Management has indicated the deal has significant synergy potential of around $41 million per annum in cost savings. The Motley Fool Australia operates under AFSL 400691. Enter your email below to receive his free report. Bega Cheese went into a trading halt pending a capital raising amid mounting speculation the Vegemite owner will buy Lion Dairy and Drinks from alcohol giant … Bega will fund the deal through a combination of new and extended debt facilities, along with the proceeds from a $401 million capital raising. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. Doc and his team have published a detailed report on this tiny ASX stock. Find the investing style that's right for you. The acquisition is expected to generate significant synergies. 12 Stocks To Buy in 2020 (Including 2 Every Investor Should Own), Everything You Need to Know About Tech Investing, The Beginner’s Guide to Investing in Gold. Lion D&D Customer Service. The S&P/ASX 200 Index (ASX:XJO) fell on Thursday. Get Started Investing Bega Cheese (ASX:BGA) share price jumps 10% on Lion Dairy & Drinks acquisition Motley Fool Australia. © 2009 - 2020 The Motley Fool Australia Pty Ltd. All rights reserved. The Zip Co Limited (ASX: Z1P) share price is on watch today after announcing an additional capital to fuel further overseas growth. Past performance is not necessarily indicative of future returns. I’ve looked past the valuation aspect for this one as I like the qualitative story of the company and this major acquisition. Hear our experts take on shares, the market & how to invest. Lion Dairy acquisition. Listen to Our Podcast Bega Cheese (ASX:BGA) shares rise on Lion Dairy acquisition. The sale of Lion Dairy and Drinks is entering the home straight. LDD procures approximately 825m liters of milk equivalent and 50m kilograms of fresh fruit from approximately 280 farmers and 85 fruit growers annually. Bega told shareholders today it expects the deal to be completed at the end of January 2021. The deal with Lion is expected to double the total revenue of Bega Cheese to nearly A$3 billion in the current fiscal as against A$1.49billionin FY20. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. By clicking this button, you agree to our Terms of Service and Privacy Policy. Management expects the combined business to generate annual revenues in excess of $3 billion. 1800 000 570. customersalesandservice@lionco.com. Please refer to our Financial Services Guide (FSG) for more information. Investors have been buying the company’s shares this morning after it completed the underwritten institutional placement and the institutional component of its 1 to 4.5 pro-rata accelerated non-renounceable entitlement offer. Lion is an alcoholic beverage company that operates in Australia and New Zealand, and a subsidiary of Japanese beverage giant Kirin.It produces and markets a range of beer and cider in Australia, and wine in New Zealand and the United States through Distinguished Vineyards & Wine Partners. Please read our Terms & Conditions and Financial Services Guide before using this website. The sale of Lion Dairy and Drinks is entering the home straight. I see this as a huge tailwind (if it remains unregulated), but what’s even better is that this Lion acquisition will result in fewer different buyers in the market for milk who would typically compete with each other for the best price. Join our flagship membership service, Share Advisor. Bega’s revenue to double. In light of this, the deal is expected to be double digit earnings per share accretion in FY 2022. James is part of the CFA Institute’s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. The addition of juice products from Lion (through brands such as Berri, Mildura and Just Juice) adds some diversification away from milk-based products, which can be cyclical based on supply constraints. The Motley Fool Australia has no position in any of the stocks mentioned. Lion Dairy and Drinks owns several well-known brands sold in Australia It was set to be sold to China's Mengniu Dairy, but the deal did not secure foreign investment approval The … Unsubscribe anytime. Bega Cheese (ASX:BGA) has entered into a binding agreement to acquire Lion Dairy & Drinks Pty for $534 million. Read our Terms, Financial Services Guide, Privacy Policy. Privacy Policy | Bega Cheese (BGA) is set to snap up dairy giant Lion Dairy and Drinks (LD&D) in a half-billion-dollar purchase deal. So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered! Commonwealth Bank of Australia (ASX:CBA) shares are rising, is it time to jump on the major ASX bank? At the time of writing, the food company’s shares are up 10% to $5.57. Mengniu said the Lion business procured the equivalent of about 825 million litres of milk per year. For more information please see our Financial Services Guide. Join Our Premium Community The recent company restructure and ERP implementation will allow us to integrate this Acquisition and take advantage of the various synergies and growth opportunities across domestic and international markets.”. We’ll never sell your email address. The Bega Cheese Ltd (ASX: BGA) share price has returned from its trading halt and is surging higher on Friday. This should result in cheaper raw materials, which bodes well for Bega’s bottom line. ASX 200   |   A     B     C     D     E     F     G     H     I     J     L     M     N     O     P     Q     R     S     T     U     V     W     X. It’s horizontal in the fact that Bega has essentially eliminated a direct competitor that sells similar products. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned. Subscription Terms of Service, ACN: 146 988 052 | Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214. Bega Cheese (ASX:BGA) announces $534 million Lion Dairy & Drinks acquisition Motley Fool Australia Australia 5 hours Australia CFTC AUD NC Net Positions increased to … Bega Cheese has agreed to acquire Lion Dairy & Drinks for $534 million. It will now push on with the retail component of the entitlement offer, which aims to raise a further $117 million. Neither Bega nor Lion own any actual dairies. Lion had already sold its specialty cheese business to Saputo Dairy Australia for A$280m (US$190m), a subsidiary of Canada’s Saputo Inc., which concluded on October 28. One little-known Australian IPO has doubled in value since January, and renowned Australian Moonshot stock picker Anirban Mahanti sees a potential millionaire-maker in waiting... Because 'Doc' Mahanti believes this fast-growing company has all the hallmarks of genuine Moonshot potential, forget 'buy now pay later', this stock could be the next hot stock on the ASX. The Lion acquisition will complement Bega’s existing offering with the addition of other well-known dairy brands such as Dare, Vitasoy, Yoplait, Dairy Farmers, and more. The company will pay $534 million to … If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition to this, Lion Dairy & Drinks has Australia’s largest national cold chain distribution network supplying food service and convenience stores. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. View today’s LIO share price, options, bonds, hybrids and warrants. The sale of Lion Dairy and Drinks is entering the home straight. Customer Sales and Service. This, the advice does not guarantee the performance of, or returns on any investment 10... Can access what could be the NEXT Afterpay today general, and not personalised financial advice, and $! Raise a further $ 117 million Terms, financial Services Guide before using this website is general financial lion dairy and drinks asx (! 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Making a decision to acquire Lion Dairy & Drinks acquisition Motley Fool contributor since late 2015,. In Dairy a 9.1 % discount of $ 3 billion across Australia to purchase milk, cream juice. Kilograms of fresh fruit from orchards across the country and convenient way place! Ultimately at the end of January 2021 and down Services Guide before this. Not specific to you and your needs, goals or objectives some further on... And searches for fairly valued, well-managed companies with a Rask Australia account expand...