It did occur to me that the SP may gravitate back to $1.60ish before the rights are even dished out.
This (as you suggest) could be a nice way for Fosters to pick up a stake and it may even serve to suppress the price of the rights - a few buyers might like the idea of picking them up for a few cents a pop.
It's going to be interesting to see how this unfolds, given the trading pattern of the last three months I'm not expecting the SP to remain bullish at this time.
IOH Price at posting:
$1.76 Sentiment: Hold Disclosure: Held
