Global Special Situations

Charles Nave

Equity Bottom-Up

<p>Costa is the largest grower, packer and marketer of fruit and vegetables in Australia and continues to grow it's market position.  Recent interim results highlighted an increase to EBITDA of 32% YoY with the company also presenting a very firm commitment to growth, with $80m set aside for expansion both domestically and offshore (notably a newly signed JV to produce berries in China).</p><p>I have a target price 30% above current trading levels and believe Costa is in a great position to expand upon a very solid and stable footprint.</p>

Costa is the largest grower, packer and marketer of fruit and vegetables in Australia and continues to grow it's market position.  Recent interim results highlighted an increase to EBITDA of 32% YoY with the company also presenting a very firm commitment to growth, with $80m set aside for expansion both domestically and offshore (notably a newly signed JV to produce berries in China).I have a target price 30% above current trading levels and believe Costa is in a great position to expand upon a very solid and stable footprint.

Costa Group (CGC AU):  Leading AgriBiz Is Ripe for the Picking

Costa Group Holdings

Costa Group (CGC AU): Leading AgriBiz Is Ripe for the Picking