good profit announcement, increase in div, page-5

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