Foster's Group Limited
Recommendation
Frugl Group Limited -
FGL
Current price
$0.01 at 16:40 (28 March 2024)
Price at review
$4.68 at (01 November 2002)
All Prices are in AUD ($)
Despite CEO Ted Kunkel's best efforts to talk up the prospects of this international beer and wine company, its share price is still down since issue 112/Sep 02 (Long Term Buy - $4.72). Future targets include double-digit earnings growth and stronger operating cash flow. Despite market concern over a pending international wine glut, Foster's appears unscathed. 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.
Recommendation
Frugl Group Limited -
FGL
Current price
$0.01 at 16:40 (28 March 2024)
Price at review
$4.68 at (01 November 2002)
All Prices are in AUD ($)
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