1. 873 Posts.
    On ABC Inside Business this morning the CEO of Fosters again denied any current intention for a takeover of Southcorp. He basically said SRP was overpriced at its current multiples.

    I wonder if there are any more surprises in the Full Year announcement tommorrow??

    If there are we might see another significant correction in the price...

    At the moment the price is sitting right on its book value (according to ETrade figures). This means no allowance in the price for future earnings.

    If the CEO of Fosters thinks SRP is overpriced when the price/book value is 1, then does he know of more bad news to come???

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