My feeling is that there is a general downward trend in the booze/wine sector due to the coming wine glut compunded by the decline in beer consumption.
Whilst these are legitimate concerns I think the sector has been a little oversold and should move up a little over the next few months....nothing too dramatic though.
I have recently purchased fgl on the basis of a decline in price against an increase in revenue. I think they will move back up to the 4.70 area.
DONT FORGET....feb 11th they will announce a dividend that should be 9 or 9.5c.....That should see them move up a bit.
Southcorp moved up today.
The safe haven nature of FGL is a big plus in these times and their wine business is at the lower price end of the market so is robust against americans staying at home.
Obviously I own FGL so don't listen to me!
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My feeling is that there is a general downward trend in the...
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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) ? |
FGL (ASX) Chart |
Day chart unavailable