on support and looking firm

Just to bring this to your attention .


At this point in time Fosters has bounced of a support level at $4.46 a few times and looks to be retracing ..Last: 456




Change: +4 (+0.9%)
52-Week Range: 445-499

Current Bid: 455
Current Ask: 456
Total Class Issue: 2,065,404,926
CHESS Eligibility: CHESS eligible
Net Tangible Assets ($/share): $0.77


Trades: 529 Earnings/Share: 27.4
Volume: 6,526,280 Div. Rate/Share: 17
Value: $29,554,585 P/E: 16.64
Market Cap (Undiluted): 9,418,246,463 Industry Sector: -
Previous Close: 452






_______________________________________________
Foster's aims for double-digit growth in earnings
13:38, Monday, 28 October 2002

Sydney - Monday - October 28: - Foster's Group Ltd
president and CEO Mr Ted Kunkel today outlined the company's targets for
future years.
He said the targets were: "Firstly, delivering double-digit
growth in earnings per share, calculated on a normalised basis.
"Secondly, over the next couple of years, we are aiming to
achieve operating cashflow equivalent to 75 per cent of earnings before
interest, tax, depreciation and amortisation.
"And thirdly, maintaining our investment grade credit rating is
key."
Mr Kunkel said: "Achieving these targets will inevitably lead to
an improvement in return on capital employed, which is the true measure
of shareholder value creation."
Chairman Mr Frank Swan said: "I am confident that we have the
right business mix to provide the platform for further growth in coming
years."
"With the integration of Beringer complete, Foster's is now
firmly placed on the world stage as a global premium branded beverage
company.