Why would you be?
You're not getting more of the same business at that price. You're getting a proportionally much smaller share, so you're actually paying more at 11c, as a share of the business.
On an equivalent basis to 15-16c, that original share after the dilution is now worth 9-9.5c for a business with the same earnings. (Which notably takes the price back to where it was a couple of months ago. Before the pump? This past month is the only time it's been above 15c the whole year...)
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