From a risk perspective, a 5% premium to lock in a 'bird in the hand,' versus 'two in the bush' totally understandable. And from a truly long term investor perspective will be a roundig error.
But one of the main reasons I've always stuck with BCI & management has been (more than marketing) they've let existing shareholders participate in any raising & haven't scaled back in past (but haven't had massive oversubscriptions in past from my memory). And this ethos would also wear well with Australian Super, and wouldn't suprise me being a reason they've got on board.
Ann: Successful Institutional Equity Raising, page-17
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24.0¢ |
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Mkt cap ! $692.2M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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