open price Friday, page-135

I see you said FXL don't need to rely on a cap raise just prior to a large cap raise ann.
Then you indicate that the cap raise was somehow so positive it should raise the SP up to $2.
I am not sure if you are just ramping because you paid over $3 many years ago or are completely missing some things.
There is no coincidence FXL have dropped the divi and done a highly dillutionary cap raise whilst making huge provisions for losses due to covid.
Now I suspect both the NZ and Aus economies are going to struggle for sometime.........I also expect more provisions for losses in another 6 months.........a coincidence.......I don't think so
I think the commentary from management is aimed at a certain type of investor.
I would think no surprise to the smart money that this thing is trending down after the latest ann.
New branding appears to be a desperate attempt to wipe the slate clean from a long history of not delivering when others have excelled.