Fosters, it seems has all things going for it ATM.
On the positive side:
1. Lensworth spin off, estimated at $850m.
2. Increased sales of wines in USA and OZ. Premium brands also increasing.
3. Reduced grape harvest resulting in reduced supply.
4. Cost cutting.
5. New MD ex CFO, well liked by the market.
On the negative:
1. Weaker USD.
All going to make this a record sp close possibly this week. Charts looking good.
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- going for a record close.. $$$
going for a record close.. $$$
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Mkt cap ! $1.678M |
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