how likely a capital raising, page-2

Was thinking that with one cap raising already under its belt WDC was safe from further raisings. With the experience of BSL with two cap raisings now, I say never say never...

If they do a cap raising it will probably be for an acquisition. Btw this is an extract from Huntleys:

"Acquisitions imminent?

Both General Growth Properties in the US and the Liberty Group in the UK are currently experiencing difficulties with their shopping centre portfolios potentially available for sale, a few properties within each of which may be of interest. WDC have proven expertise in both value accretive individual property acquisitions and corporate plays that, together with their claimed $7.0bn war chest, make them ideally placed to profit from the misfortune of others. As expected, management would not speculate on potential acquisitions, asset revaluations or gearing levels. With potential acquisition upside for WDC, we maintain our valuation of $12.00 and ACCUMULATE recommendation. WDC should be considered by income investors willing to bear moderate capital risk in the short term."