re: Ann: TSE: TSI Fund Capital Structure Revi... It will be interesting to see what happens to the share price when the trading halt is lifted. I personally think that it may drop close to the 80 cent mark so that will spell an end to the 6 monthly cycle that we all used to go by where it would hit the 110-120 mark before divi day.
I remember TSE doing a similiar capital raise about 2 years ago and the share price crashed but then picked up again. From memory shares were issued at $1.25 and today the price is about the $4 mark. I would have thought that TSE was a benificiary of this announcement but their SP dropped today.
I was holding this share as an investment share but I will have to look carefully at that in the near future.
I think it is still a good company and now on a much firmer footing but I see it as a definite LT buy
My average for this share will now be about 88c if I take up my full entitlement. With a 8.2 c divi - its probably still scraping in as a reasonable investment
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