AJA
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0.00% $7.23 astro japan property group

re: Ann: Underwritten Equity Raising of A$23.... I wonder why...

  1. adds1973
    186 Posts.
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    11/03/11
    15:23
    Post #: 8038504
    re: Ann: Underwritten Equity Raising of A$23.... I wonder why this was not offered to existing holders?

    At 3.02, surely it would have been taken up. At least we could have averaged down to try to maintain the same yield. To not even reduce debt by 3%, I am wondering where the benefit is other than to the ins to.
    AJA Price at posting: $3.23 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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