Southcorp Limited

By Intelligent Investor · 9 Aug 2002

By Intelligent Investor ·
9 Aug 2002

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Southcorp Limited - SRP

Current price

n/a

Price at review

$4.94 at (09 August 2002)

All Prices are in AUD ($)

For the reasons we discussed in issue 102/May 02 (Sell/Switch to Foster's - $5.81) we continue to view Southcorp negatively. Since then the price has fallen 15%, with the latest bad news being the resignation of John Duval. Duval had been the chief winemaker for the famous Penfolds brand since 1986. The impact may not be huge but it's another reason to support a SELL/SWITCH recommendation to Foster's.

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.

Southcorp Limited

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Southcorp Limited

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