FGL 0.00% 1.4¢ frugl group limited

good profit announcement, increase in div, page-5

  1. 2,961 Posts.
    fosters ! "hey munch!" You posted "
    Guys, I think the market has underestimated the comments made by Kunkel in today's announcement. The decision to return capital to shareholders could see a share buy back of 20% of issued shares!!! That's massive.

    $1.4bn (minimum for the pub business)
    Operating cashflow $697m

    The market cap of FGL is only $9.5bn... think about it.

    Aegis have a buy recommendation for FGL with a price target of $6.40"


    Much, what AEGIS have for foster 12 month now.
    Its been getting some drag as to the buyback on and off market - once that is out of the way. I would look for a spike like BIL....

    How do you see it now ?


    singas

 
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