Agricultural & FMCGEquities 13 August 2025 Elders (ELD): Multiple earnings drivers at play ACCC delays on Delta are masking a strong recovery in ELD’s core pricing and seasonal outlook. BellPotter Marketing Love0
Agricultural & FMCGEquities 6 May 2025 Noumi Ltd (NOU): Continuing to make progress in 3Q25 We maintain our Buy recommendation as NOU shows steady 3Q25 growth, with strong dairy and Milklab performance. BellPotter Marketing Love121
Agricultural & FMCGEquities 14 November 2024 Woolworths Group (WOW): A year of consolidation We have initiated coverage on Woolworths Group (WOW) with a Hold recommendation. BellPotter Marketing Love1
Agricultural & FMCGEquities 20 September 2024 Coles Group Ltd (COL): Good things are happening We have initiated coverage on Coles (COL) with a price target of $21.55 and a Buy rating. BellPotter Marketing Love1
Agricultural & FMCGEquities 20 March 2024 Bega Cheese Ltd (BGA): Leverage on leverage The recent ABARE commodities report highlights the leverage play in BGA’s ingredients business. We see this upside potential as underappreciated by the market. BellPotter Marketing Love1
Agricultural & FMCGEquities 20 March 2024 Ingham’s Group (ING): Feed on the decline ING’s share price has remained fairly depressed post-1H24 despite the continued downdraft in both domestic wheat and imported soybean pricing. BellPotter Marketing Love2