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27/08/16
13:57
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Originally posted by Value_Hunter
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what is obvious - is that aust/nz rev's have fallen circa 25% over the last 5-yrs. this is despite several plans and abt 4 CEO's. this appears to be driven by Aust declines.
what is also obvious - is that no rational investor will buy either instrument (b/c of potential or perceived dilutuion) ......
I do not have an answer to what the "correct" split is.....I do think that whatever happens, some will be happy, some less so.
for the business to move fwd - the issue does need to be "fixed". it will have to get rid of all of the preff's, so I suspect - it will be at the major shareholder level (ie an agreed deal).
it should also be obvious - that the longer it drags out - the "smaller" the pie is becoming.
rgds
V_H
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I don't think the pie is shrinking any more, but it's not getting any bigger either.
Mutually Assured Inertia cannot continue. The ords can't go anywhere without the prefs and the prefs don't have the liquidation possibility any more.