BellPotter Marketing

PFP announced it has executed binding sale agreements to acquire: 1) Berry Funeral Directors; 2) Glenelg Funerals; & 3) State of Grace.

Cobram Estate Olives (Cobram) is a vertically integrated producer and marketer of olive oil products with operations in Australia and USA and export customers in ~17 counties.

DDH has delivered a strong maiden result as a listed company, with Pro Forma financial results in line with its Jul’21 update that was ahead of Prospectus estimates.

AIM has delivered a stronger than expected maiden full year result with an FY21 underlying EBITDA loss of ($3.1m) ahead of our ($4.1m) forecast. Revenue of $49.2m was 2% ahead of BPe ($48.2m) and up +28% on a pro-forma basis (+87% on a statutory basis).

CGC reported a 1H21 underlying EBITDASL in line with expectations at $124.4m (BPe $124.0m). In the near term we note reasonable export citrus pricing and strong off season berry pricing trends as supportive of the 2H21e outlook.

BST delivered a strong debut FY21 result that was well ahead of Prospectus forecasts and slightly ahead of the company’s 26th July update. FY21 pro-forma EBITDA (preAASB16) was $71.6m, 18.0% ahead Prospectus & well up on pcp of $27.0m.