Seems to be quite unfair to me - non renounceable, and priced to look scary on the chart too possibly. I think it arguably looks designed to assist the major shareholder to increase their holding on the cheap. I don't agree with this raising to be honest - I think it would have flown off the shelf at $1.70.
I'm not sure that there is any problem with debt, or that there has been for quite a while.
NTA should be nearly guaranteed with this extra capital. I'll be taking all of mine up, and join Mulpha in trying to get extras cheap.
Stockland - well they have given FKP negative press in the past from memory - but not sure FKP would be vengeful in this timing - lol - new CEO maybe wants an easier ride, and cash available for any good ideas too.
GLTA
- Forums
- ASX - By Stock
- FKP
- Ann: Entitlement Offer Announcement
Ann: Entitlement Offer Announcement , page-3
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FKP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online