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FCT just announced an SPP for $30K too. I faaarking hate SPP’s -...

  1. alpha100
    475 Posts.
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    26/09/19
    10:54
    Post #: 40583007
    FCT just announced an SPP for $30K too. I faaarking hate SPP’s - talk about a way to kill the share price! Completely inequitable as well. Why should someone with $1K of shares be able to apply for the same amount of shares as someone with $500K of shares? A non-renouncable rights issue would have been far more appropriate (but would probably be more work for the share registry hence the stupid SPP). Rant over.
    LVT Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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