General Markets Talk

Remove this Banner Ad

burge13 said:
Ignore them

If you bought at ATH every time it broke the last 20 years youd be retired. Meanwhile the doomsdayers get 2-3 opportunities in that span
Click to expand...
Hear you but the market has had a huge run and brosdly it's not cheap, arguably expensive.

I have a lot of cash that I wouldn't mind deploying but aside from resources it's really hard to see anywhere to put it.

Then again I'm usually overly bearish.
 

Log in to remove this ad.

Kram said:
The travel sector is one that has not just been down but smashed, any thoughts.

I have had FLT for years, now back in the red.
Click to expand...
Not a sector I get involved in. Very little growth potential or xfactor about any of it. What catalyst could hit that area to see a huge bump in profits for anything? It's run as efficiently as it could possibly be within reason, I just don't see anything changing to bother investing...

Mining - they find new shit to dig up
Tech - creates new efficiencies, new tech, inventions
Bio - cures, new therapies etc

What could even change in travel?
 
I'm not convinced the lithium bear market is over. Especially any company relying solely or partly on brine.

Sovereign risk is going to be huge in the new few years too as the geopolitical sands shift. Mali are in a phase of semi-nationalising a bunch of foreign owned assets, others likely to follow suit.
 
Mofra said:
I'm not convinced the lithium bear market is over. Especially any company relying solely or partly on brine.

Sovereign risk is going to be huge in the new few years too as the geopolitical sands shift. Mali are in a phase of semi-nationalising a bunch of foreign owned assets, others likely to follow suit.
Click to expand...
Hope didn't snatch at the falling cxo knife.

I still hold a fair chunk of ltr, probably just hang on don't need the cash.
 

(Log in to remove this ad.)

This week, the company released an update at its annual general meeting. Goldman Sachs was pleased with the update. It said:
BRG noted that positive trends seen in 2H24 has continued through 1H25. Period to date, all three Theatres (US, APAC and Europe) are performing as expected. Logistics costs have picked up but largely offset by reductions in FOB. Distribution segment is continuing to growth Gross Profit. On the whole, business is performing within BRG's FY25 planning parameters.
Click to expand...
Goldman also notes that with Donald Trump becoming US president again, there's potential for increased trade tariffs being placed on China made goods. However, the broker isn't concerned by this. It explains:
The company acknowledge that with Trump victory, probability of increased China tariffs has increased. The company highlighted 2 actions until the tariffs are enforced being 1) BRG will continue build inventory in the US until tariffs are enforced and 2) continue to move 120V production out of China, as quickly as possible and company expects to get to 80/20 of this by end 2025 with first incremental SKU live around March 2025.
Click to expand...
It also sees potential for the ASX 200 share to pass on additional costs. It adds:
We understand that for BRG's Coffee machines and most other kitchen appliances (oven, microwave, toaster etc) are covered within List 4 of the Section 301 tariffs, which is currently taxed at 0-7.5% and may increase to 5-17.5% i.e. an incremental 5-10% tariff to be levied on the importer. Assuming that the import value is ~50% of the final retail price, we would expect that retail prices will need to be increased by 2.5%-5% to digest the incremental tariff.
Whilst this could have some negative volume impact, we do not see coffee makers as highly price sensitive products (BRG has proven price increases in the past without significant volume impact) and against other industry peers who may also be facing similar inflationary pressures, we do not at this stage see this as a material impact though would need to further clarify with management.
Click to expand...

Time to buy​

In light of the above, the broker has reaffirmed its buy rating and $34.20 price target.
Based on the current Breville share price of $31.35, this implies potential upside of 9.1% for the ASX 200 share.
Click to expand...
 

Remove this Banner Ad

General Markets Talk

Remove this Banner Ad

Back
Top