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

<div><div><div><div><ul><li>Big River’s (‘BRI’) FY23 result was marginally softer than our forecast, however the resilience of its outlook was a positive surprise vs our expectations.</li><li>The company stated that its outlook “...remains positive given our end market diversity”, supported by an expectation of the current housing backlog extending in CY24 and a strong Commercial pipeline.</li><li>We continue to believe BRI will be able to deliver more resilient results in the short-term relative to expectations, whilst remaining well-placed to take advantage of the strengthening medium-to-longer term outlook.</li></ul></div></div></div></div><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’s (‘BRI’) FY23 result was marginally softer than our forecast, however the resilience of its outlook was a positive surprise vs our expectations.The company stated that its outlook “...remains positive given our end market diversity”, supported by an expectation of the current housing backlog extending in CY24 and a strong Commercial pipeline.We continue to believe BRI will be able to deliver more resilient results in the short-term relative to expectations, whilst remaining well-placed to take advantage of the strengthening medium-to-longer term outlook.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 - Swimming Against the Tide