MENU

The Bega Cheese Ltd (ASX:BGA) share purchase plan price is now below the traded price

Dairy product processor Bega Cheese Ltd (ASX: BGA) shares are down 0.2% to $6.91 at the time of writing after yesterday’s announcement of a share purchase plan giving investors the opportunity to acquire up to $15,000 of new shares.

Bega completed a placement of new fully paid ordinary shares to institutional and professional shareholders on September 11, raising around $200 million.

Bega hopes to raise $50 million from the share purchase plan, but with the share price now lower than the $7.10 offer price this could be an issue.

Bega plans to use the funds to reduce debt following the Koroit Facility acquisition and prepare for future growth opportunities.

Elsewhere in the food sector Freedom Foods Group Ltd (ASX: FNP) shares are on the rise after hitting an all-time high earlier this month with investors seemingly pleased with Freedom’s FY18 results report.

Retail Food Group Limited (ASX: RFG) shares are up 1% to 48c per share at the time of writing, but have plummeted in the last 12 months, after 123 store closures and net debt eclipsing its market capitalisation.

ASX Tech Share – Real Winner from the World Cup

Earlier this year, millions of Australians set alarms and watched the world's biggest sporting event, the World Cup, play out. But did you know there was another Australian representative quietly succeeding as the world watched?

It's the start-up who have positioned themselves as the global leader in sports analytics. Motley Fool's resident tech expert has already upgraded the recommendation of this company's stock to a rating of simply "Buy More".

Click here to access this share. It's completely FREE!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Freedom Foods Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!