Ideas

We initiate coverage on Coventry Group (CYG), a multi-disciplinary industrial supply and services group, with a Buy recommendation and PT of $1.90ps

Fonterra (FSF) recently highlighted a desire to focus on its NZ milk business, with a decision to be made on the ownership structure of the Australian business. In this note we explore a potential acquisition of Fonterra Australia (Fonterra) by Bega.

IMD has released a record 1Q22 trading update, with unaudited revenue 13% QoQ (41% YoY) to $86.8m.

ANZ’s result will come out on Thursday 28 October 2021 and these are our forecasts for FY21.

There is no change in our forecasts which we last updated just over a month ago at the release of the FY21 result.