The complete sentence from the ann that you quoted in part was " Capital availability to the sector istightening and there is increasing credit issuer compliance sensitivity." My reading of that was they talked to their credit issuer about more finance and did not like the conditions that would be attached to any further borrowings so they have opted for a capital raise to seize the opportunities they can see. ROE last half on annual basis was 22%, the new opportunities are expected to earn about the same and that is much higher than both the cost of this equity capital and the equity fund where I am currently holding cash so I will apply for $15k shares in SPP.
CCP Price at posting:
$22.67 Sentiment: Buy Disclosure: Held
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