FGL 0.00% 1.4¢ frugl group limited

ubs broker report....

  1. 465 Posts.
    For those interested they are calling a sp of 560 on the capital return of Lensworth...

    FOSTER'S GROUP
    Broker: UBS
    Rating: Unchanged at NEUTRAL 1
    Price: Increases to 65¢ per share to $5.60
    Comment: UBS raised its price target from $4.95 to $5.60 pre special dividend and effectively maintained a view that the original $4.95 per share price target encapsulated the turnaround in the wine sector but underestimated the effect of the potential for a capital return of 65¢. "With a Lensworth sale expected in the near term, we believe Foster's may continue to trade up on the possibility for a capital return. While a higher price may be achieved, a risk to the short term price is if the sale proceeds are structured over a number of years, reducing the size of any potential capital return," the broker said.
 
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Last
1.4¢
Change
0.000(0.00%)
Mkt cap ! $1.678M
Open High Low Value Volume
1.3¢ 1.4¢ 1.3¢ $5.779K 427.1K

Buyers (Bids)

No. Vol. Price($)
2 163767 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 136822 3
Last trade - 16.10pm 13/11/2024 (20 minute delay) ?
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