Sorry team I made a mistake. Fosters charge is 3+1% so a little high given Wroxby is also partial underwriter and taking up their full allotment.Fosters price should be about 600k
So I reckon as SW stated there are two parties that will come out the other end with pleny of extra stock and big smiles. The SP is locked tight rite where its required for this to happen.
To say this is by design though is a little conspirist as the prospectus does clearly state "The entitlement may be valuable and the company urges shareholders that decide not to take up their rights to sell rather than let them lapse"
I'd just about bet my hat on the fact that any positive news now will send this SP on its way and at pace as this looks to me to be heavily manually held down rite now.
I could be wrong, it happened to me once last year!
IOH Price at posting:
$1.60 Sentiment: Hold Disclosure: Held
