Markets do not like capital raising and stocks always fall on...

Markets do not like capital raising and stocks always fall on the announcement because it means existing shareholders own a smaller percentage of the company and all of its future profits, 14% less in this case. And that's after being down 20% on last year's CR, and 4% twice on free shares for management in the last 2 years.

Since listing DRO's Market Cap has increased by 20 times, but it's share price has increased by only 3-4 times, probably 2-3 times when the stock reopens. Some of those CR's were necessary, but management are playing fast and loose with shareholders' equity. The last capital raising was unnecessary and so is this one and shareholders have seen a pretty disappointing return given the incredible growth of this company.

This is a very nasty surprise for the market and I doubt it will be such happy days when the stock re-opens for trade.