Both the scale and price are unexpected.
New Fosters report out, target 52 cents.
http://www.strandline.com.au/irm/PDF/bbaf746a-86f9-4ec8-9970-6bca9e1bdf6d/FosterStockbrokingEquityResearchReportFundingcompletedfocusnowonconstructionSharePriceTarget052
Note they were subunderwriter and they've been surprised by the extent of dilution against their original expectations.
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