lock of the month !!!, page-12

re: lock of the month !!! ( from sept) Gobblin a 20% plus gainer since this post which was eriely accurate - i will now be refering to myself not as the gobblin slayer but Mr Profits or Nostradamusingas.

How much have you made on OEX ?

Stuff all. - and you sold WES at what ???? $28

That means you missed the $1 cap retuurn and the 15% increase in its price.......

my post .....




lock of the month !!!
Posted 06/09/04 10:15 - 93 reads
Posted by singas
Post #359605 - start of thread - splitview

Its time to call a LOCK of the month this is a share that I think will Surge up the TooooT Tooot whooosh index.

Past Glories include:

Energy Developments - up over 30% for June!
Brambles JULY & AUG lock of the month - well say no more there baby.

so the LOM for September is.......

Fosters Brewing Ltd.

The prennial outcast with sweet cash flows must be on the radar of O/S brewing and beverage groups as an entry point into the Aust brewing market and with a blocking stake in ALH 10% plus - fosters has the whip hand in any negotiations.

Entrants to the aust brewing market are limited buy the existing duopoly which has seen Lion trading at $6 and FGL on the road to nowhere.

Takeover spec and improvements in wine could see a Brambles like reweight. Also, the free cash from the lensworth sale and dramatic reduction in both debt and shares on issue via the buy back - means that management

a/ like the value at the present share price.
b/ are not in the acquisition frame of mind.

Pesonally , i hate buy backs as they rip of existing holders by not returning shareholders funds. Sure they support the share price - but thats a function of good management.

So thats why FGL is my lock of the month and also represents good value.

always seek professional advice - ignore goblin and read the red. I currently hold FGL.

singas


PS: feel free to add your own lock of the month (TM)