External broker reports(aggregated public sources), Ord Minnett

Ord Minnett

Ord Minnett is a leading Australian wealth management group, incorporating full-service stockbroking, financial planning and funds management. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

Big River Industries Pty Ltd / Equity Bottom-Up

<ul><li>Big River (‘BRI’) is due to report its 1H24 result on 21-Feb. Similar to its AGM update in Nov-23, we expect the daily sales rate to have remained relatively similar throughout the half, in comparison with 2HFY23.</li><li>We continue to expect tougher conditions in CY25. We have factored in additional gross margin pressure reflecting the latest ABS pricing statistics for a number of BRI’s key product categories.</li><li>Even after taking these factors into account, we continue to see value in the company and view it as having a strong medium-to-longer term outlook, supported by a chronic housing underbuild and elevated migration. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Big River (‘BRI’) is due to report its 1H24 result on 21-Feb. Similar to its AGM update in Nov-23, we expect the daily sales rate to have remained relatively similar throughout the half, in comparison with 2HFY23.We continue to expect tougher conditions in CY25. We have factored in additional gross margin pressure reflecting the latest ABS pricing statistics for a number of BRI’s key product categories.Even after taking these factors into account, we continue to see value in the company and view it as having a strong medium-to-longer term outlook, supported by a chronic housing underbuild and elevated migration. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Big River Industries Limited - 1H24 Preview – Biding Time