Foster's Group Limited

By Intelligent Investor · 5 Jun 2002

By Intelligent Investor ·
5 Jun 2002

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Frugl Group Limited - FGL

Current price

$0.11 at 16:40 (24 April 2024)

Price at review

$4.66 at (05 June 2002)

All Prices are in AUD ($)

Foster's has been forced into some restructuring of its spirits arm. What was to have been a 10-year supply and distribution agreeement with French group Pernod Ricard has been cut short. Pernod has pulled the plug after only three years. Fosters will receive compensation for its drop in supply volume and has negotiated better terms for its remaining brands like Cougar bourbon and Black Douglas scotch whisky. While spirits are a small component of the company's portfolio, it is a growth area and Foster's remains keen for more deals. LONG TERM BUY.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Foster's Group Limited

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Foster's Group Limited

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