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’) provided a trading update as part of its recent AGM.</li><li>The company stated that its “…daily sales performance has been consistent the past 3 months, in line with H2 FY2023.”</li><li>In our view, weakness in early-cycle residential exposures (i.e. Frame &amp; Truss) is being largely offset by continued resilience in late-cycle exposures and strength in Commercial construction. </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’) provided a trading update as part of its recent AGM.The company stated that its “…daily sales performance has been consistent the past 3 months, in line with H2 FY2023.”In our view, weakness in early-cycle residential exposures (i.e. Frame &amp; Truss) is being largely offset by continued resilience in late-cycle exposures and strength in Commercial construction. 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 - Riding Out the Storm