I think the capital raising is a positive.
Not all capital raisings are negative for the sp.
This capital raising has been well flagged and the sp has been rising since the last preso where it was stated it would happen in the fourth quarter ( a little bit early ).
Anyway we will know soon. I would expect a substantial re rating coming into Christmas. I think Lodge Partners have a target of something like 85 cents.
- Forums
- ASX - By Stock
- BTU
- pe of 1 moving to a pe of 0.5
pe of 1 moving to a pe of 0.5, page-6
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)