Is this capital raising about 'riding out the storm' or for other strategic reasons? Earnings have taken a hit but it reads to me that the company is looking to prevent growth from stalling for too long which I would be in full support of.
From presentation: "Sizing (of 150m) sufficient to secure investment opportunity to return to pre covid earnings trajectory in the medium term* based on downside scenario's incorporating a medium term recovery"
The capital raising is definitely not 100% defensive in "maximising flexbility to respond to market conditions including one-off opportunities to acquire competitors' books"
I am st reading this as a good thing though the risks are more prevalent than ever but I am optimistically biased when it comes to CCP,
CCP Price at posting:
$14.14 Sentiment: Buy Disclosure: Held
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