The Nigerian business model could be equally applicable to ARI. Were we led to believe that our investment could make some money, noting the following statement by by the MD only 1 month ago.....
“It has been a very pleasing year with the delivery of much stronger earnings, record cash, lower net debt and an improved leverage ratio. Going forward, we remain focused on maximising value for shareholders”
...and then have our bank account purged by a totally unexpected capital raising!
ARI Price at posting:
40.0¢ Sentiment: None Disclosure: Held