BUG 0.00% 16.5¢ buderim group limited

Ann: Chairman's Address to Shareholders 2015, page-2

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  1. 850 Posts.
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    Looks like they'll need an update of the name here: Buderim Ginger is no more, Buderim Group now. It makes sense given that over 60% of the company revenue is now from Macadamias. As such, this now is more a tree-nut stock akin to Webster or Select Harvests, and it is still below book value so I think it could do well once it starts getting a bit of publicity.

    Interestingly, judging from pg 13, it looks like they might be considering resuming dividend payments in 2016.

    The current El Niño weather system may be a challenge for the company, however. Dry weather isn't ideal for ginger growers in Fiji or Queensland, and past El Niño events have resulted in storm damage in Hawaii.
    Last edited by Inchiquin: 31/10/15
 
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Currently unlisted public company.

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