I question whether it would be better to do the SPP/rights without the insto offer. It was following the insto offer that the price got its biggest hit imo. This time, I would say they needed the insto offer but last time the retail offer was massively cut back so I think they could have raised it all without the sophs then. Or maybe that was the time before. Regardless, the sophs trash the price before the retail even opens.
IVZ Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
