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.
FGL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held