.222890 hardman shares, page-17

re: .222890 hardman shares dilution factor kkw,

thats why i said the dilution can be absorbed pretty comfortably in addition to positive results at kingfisher and rising oil prices adding to a strengthening tullow share price.

however, a dilution is a dilution and debt is debt so any downturn in sentiment towards uganda and oil prices will have a negative impact on tullows share price because of the increased exposure, 10% dilution and debt increase.

nothing is certain.