No one likes capital raisings, but VOC have been good at deploying capital appropriately. I think it is important to look at what they do with the capital . 48 million in cash , if they are able to generate a similar return as previously on this capital, the current dilution is insignificant.
They see growth opportunities and I prefer this rather than them taking on more debt. What would you do if you were faced with growth decisions and had to finance.
I take your point though that retail investors have been excluded .......
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