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Blackmores Group

 

Buy Blackmores Group shares

BLACKMORES GROUP (BKL) Shares

ABOUT BLACKMORES GROUP

Blackmores Group is a health supplements company based in Australia with a history dating back to the 1930s, when naturopath Maurice Blackmore opened the first health food shop in Australia in Brisbane, Queensland.

Blackmores was incorporated as a private company in February 1962 when The Blackmores Naturopathic Organisation Pty Limited was formed and bought the family business. By 1976 Blackmores had reached US Dollar 1 million in sales.

The company began the expansion of its international portfolio in 1976 when it launched in Singapore and Malaysia. In 1982 the company acquired Vita Glow Pty Limited, a marketer of a range of vitamins and mineral supplements. The company changed its name to Blackmores Laboratories Limited and was converted to a public company 1985.

The company then went on to purchase Abundant Earth, Biogenic Health Foods and Russell’s Natural Food Markets, which merged to form the Blackmores Food Division. Blackmores also acquired the independent distributors of Blackmores products in Victoria and Western Australia in 1986.

In 2000 the company expanded its distribution into the Coles group of grocery outlets and in 2010 the company entered the South Korean market. In 2018 the company announced the acquisition of Impromy, a pharmacy-only, holistic weight management program developed in collaboration with the CSIRO.

The Blackmores Group headquarters, and production facility is located on Sydney’s Northern Beaches; its Asia regional head office is in Singapore.

OVERVIEW OF BLACKMORES GROUP

  • Today Blackmores Group is Australia’s leading health distributor, employing over 1 400 people in broad markets across Asia-Pacific. In 2019 the Group was awarded Australia’s Most Trusted Brand for vitamins and supplements for the 11th year running. The Group operates a high-value portfolio spanning a range of brands which includes BioCeuticals, Fusion Health & Oriental Botanicals, Impromy, IsoWhey, and Pure Animal Wellbeing. The Blackmores Institute is the research and education arm of Blackmores, established with a vision to improve and promote the quality use of natural medicine.

  • The Group has been voted the No.1 vitamin brand in Australia, Thailand, Singapore and Malaysia, with 2.9 million social media fans and 2.1 million education touchpoints across the Group. Across its portfolio the Group has launched 142 new products and has produced 4.8 billion tablets and capsules annually.

  • The Group continues to invest significantly in its strategic priorities to support the ongoing growth of its business. The Group has made major progress in preparing to take ownership of the Catalent manufacturing facility (in Braeside, Victoria) on 25 October 2019. This includes increasing the number and volume of Blackmores Group products manufactured on-site. The acquisition will provide greater control over its supply chain and strengthen its research and development capabilities.

  • In February 2019, the Group committed to a major streamlining of its business in order to simplify and improve its processes and structure. As such, the business is making good progress towards targeting US Dollar 60 million in savings over three years, allowing the Group to continue investing in key strategic initiatives, build its capability and deliver overall margin improvement.

VISION & VALUES OF BLACKMORES GROUP

  • Blackmores Group‘s values of corporate social responsibility are pillared on giving back to the communities in which it operates across Asia-Pacific. To this end, in Australia, the Blackmores Mercie Whellan Women & Wellbeing Awards celebrate women making an outstanding contribution to their local communities.

  • As a key sponsor of The Growth Project, the Group provide one-on-one leadership mentoring to charities wanting to maximise their positive impact on the world.

  • In Asia, the Group’s staff personally works to drive key grassroots initiatives. This includes its Malaysia team’s Project Kindness, which served 7,500 meals to the urban poor and homeless in 2018 and its Thailand team’s Keep Running Keep Wellbeing program which recently donated 7 543 pairs of shoes to needy school children. In Indonesia, the Group supports the Bumi Sehat Foundation to improve maternal and child health in rural communities.

MARKET PERFORMANCE OF BLACKMORES GROUP

  • Blackmores Group trades on the Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol -BKL.

  • Data from the Group’s 2019 financial analysis shows underlying net profit of US Dollar 55 million and a final dividend of 70 cents per share declared, making the total dividend 220 cents for 2019. Blackmores remains the number one vitamin and dietary supplement (VDS) brand in Australia with 15.9% domestic market share and a strong gap over its nearest domestic competitor.

  • Sales in Australia and New Zealand of US Dollar 267 million were slightly ahead of the prior year. The Group the most recognised brand name in the market and now has the highest brand penetration.

  • 2019 was a particularly strong year for Blackmores in Asia (excluding China) with all markets achieving revenue growth, contributing to an overall 30% increase in sales to US Dollar 107 million. Across Asia, the Group saw strong growth in both well-established and new markets due to increased distribution and new product launches. This includes Vietnam up 157% and Korea up 28%.

  • The Group continues to maintain its domestic market dominance while making impressive growth in its foreign markets, delivering a flourishing share price and solid long-term growth for investors who choose to buy shares.

Buy BLACKMORES GROUP stocks / shares – A Step by Step Guide how to Buy / Purchase BLACKMORES GROUP Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy BLACKMORES GROUP Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN BLACKMORES GROUP STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE BLACKMORES GROUP STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of BLACKMORES GROUP stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy BLACKMORES GROUP stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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