re: rights issue/great support heading for asx 100 Kristy,had a...

re: rights issue/great support heading for asx 100 Kristy,
had a read of the pds - 49 mil fees for fund raising - someone is making a packet there! The growth prospects for PD is 15% pa, DBCT sound growth with 12% return, cross sound looks good long term, but the Powerco looks very low growth. They seem to have a 40% equity, 60% debt strategy which is a good balance of risk / return. With 230 mil in cash they are likely to raise another 500 mil for acquistions without the need for further financing, so stand by. l figure anything in the $1.50 range is good buying.