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.
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For those interested they are calling a sp of 560 on the capital...
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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) ? |
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