down another 5% today gains from the capital raising seem to have evaporated overnight.
wonder if we'll go below the $3?
can't help thinking this is a risky sector with a lot of competition eg lei, ugl, dow If so ...no growth the expected return for dow is about 15% the expected return for tse is about 7.5% or put another way the risk free rate is 5.75% and the equity risk premium for tse is about 1.75% looks a bit overvalued actually
TSE Price at posting:
$3.12 Sentiment: None Disclosure: Held
