inside trader recommendation

Upfront - I'm positioned

Came out this morning, horse has bolted unfortunately.

Fundamentals of this business looks very promising.

FY01 643K profit
FY02 1,355K profit

PE on FY02 figures 9.68 at 15 cents. Currently 19 cents seller.

These figures are from Stock Doctor and reflect the underlying operating profit.

Director purchased heavily in the last few days.

Recent report on activities upbeat


Name of Director Richard Anthony Llewellyn Becker

Date of last notice 11/11/2002


Part 1 - Change of director's relevant interests in securities

Direct or indirect interest Indirect Interest

Nature of indirect interest
(including registered holder) Securities acquired by
Becker Investments P/L,
a company controlled by
the director

Date of change 18/11/2002

No. of securities held prior
to change 19,946,302 (including
1,000,000 unlisted options

Class Ordinary

Number Acquired 639,000

Number disposed N/A

Value/consideration $95,850

No. of securities held after
change 20,585,302 (Including
1,000,000 unlisted options)

Nature of change On-market trade

BECKER GROUP LIMITED 2002-11-15 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
In welcoming you to this year's Annual General Meeting I would like
to thank all our shareholders for their interest and patience as we
continue to refine and build the Group's business. Beckers' strategic
focus is to operate a diverse entertainment company that can respond
to an ever changing marketplace while offering real growth
opportunities, Our increased positive cashflows for the second
successive year and our rapid repayment of bank debt, along with an
improved profit, indicate that we are heading in the right direction.

Over the past two years significant gains have been made in most of
our operating divisions, with considerable scope for further gains if
the current market conditions don't deteriorate. In film
distribution, we have maintained our revenue levels from 2001 despite
massive cut backs in last year's film acquisition budget. We expect
to maintain film revenues in 2003 as we continue to pursue the lower
risk film acquisitions policy instigated some years back. This
activity feeds directly into our investment in Magna Pacific Pty Ltd,
which is expected to contribute $1.5milllion to the Group from
video/DVD sales in 2003.

Exhibition revenue, which has shown relative stability in recent
years, is expected to improve in 2003 as newscreens in Newtown,
Byron Bay and Melbourne come on line in time for our second half.

The difficult trading conditions in the Australian television market
have been extensively reported in the press. Fortunately our program
production income has been significantly supplemented by our outside
broadcast business. We expect to maintain this position as television
revenues are not expected to improve in 2003. However, it is
reasonable to expect that, once Australian television sector
improves, we will see an uplift in our local production income. Where
we do see a marked improvement is in South East Asia, in particular
in Indonesia and Singapore with production income expected to
significantly improve on last year.

A considerable effort is being made to improve the flow of
information to shareholders, via our website. Early in the new year I
encourage you to keep Lip to date with the Group's monthly activities
in film and television by accessing our new website
www.beckerentertainment.com.au, wwwdendy.com.au and
www.magnapacific.com.au for regular updates.

Traditionally earnings are stronger in the second half and under the
prevailing conditions I can only expect the first half to be similar
to last year however, as the now Dendy screens come on line, OSB
delivers its first full year results and Magna delivers what we
expect will be their best video line up to date, I believe we can
show a marked improvement in the second half.

Finally, I would like to thank my dedicated team of professionals for
their tireless work. Also let me thank the Chairman Mr Greg Gardiner
and the Deputy Chairman, Russell Becker and the Board for its counsel
and support throughout the year.

I feel confident that with the support of my team we can deliver
another increase in operating profits in the 2003 year.