Equity raise process, page-30

To the premise of your question - I don’t think anyone disputes that income will be significantly affected over the coming 12 months! Massively!
Same goes for airlines, hotels, cruise ships, and almost anything travel-related.
This is now a question of the length of time of the lull, whether the company can survive through it, and what the value may be from here (the current price or offer price) to the other side of this mess, as the business eventually grows again.
Risk-reward.

Do you think the company will go bust?
If yes, how/why/when?
If no, how long do you think there may be until things are relatively “back to normal”?
Do you think the recent higher earnings (2019) may be seen again? If so, should the MC resemble recent MC levels? If not, why not?

Tough times, sure.
Opportunity? Sure.

Imo
DYOR