Ann: SYD $2bn Equity Raising and 2020 Half Year Result, page-43

I’ve been involved in every single capital raising during Covid-19 in my portfolio (BRG, NAB, QAN, WEB and SCP) and every single one of them is currently above its raising price. Some of them have seen nearly 50-75% gains. If you haven’t learnt the lessons after every single market shock (last one was the GFC) then you have missed good gains. This will be no different in the long term either. I’ll be taking up my rights. A good long term stock with good distributions (not at the moment but that will change).