Cap Raise.
Now everything makes sense:
- the timing of the profit guidance
- the retreat in the share price more recently.
Got in at an average of $1.02 (simply too cheap) and sold half recently. Wish I had sold the rest.
I continue to have reservations about communication from CSV Management (their half year presentation was poor i.m.o.)
The rash of cap raises at the moment is a big warning indicator as to how companies are finding conditions - recommend everyone use caution.
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- nervous around $1.30
nervous around $1.30, page-3
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Simon Kidston, Non--Executive Director
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