BBG billabong international limited
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open bag ?, page-2

  1. david75
    1,138 Posts.
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    20/12/11
    17:48
    Post #: 9466984
    Looks like the GFC trick of short the company all the way down, then the instos participate in a capital raising to return the shares - ie they never buy back on market so no short covering rally.

    Plus it kills the share price so the capital raising is even worse for holders.

    BBG Price at posting: $1.41 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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