CGF 4.55% $6.51 challenger limited

I agree traineeinvestor, Management of most companies and their...

  1. 797 Posts.
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    I agree traineeinvestor,

    Management of most companies and their advisers continually seem to offer a special deal to institutions with total disregard to current retail holders when they do a capital raising. The recent CBA rights issue show how to do it fairly, the rights are pro-rata and renounceable. Even if you do not participate, you get some benefit by selling the right. Compare that to the mess with the ANZ capital raising.

    That being said, I like the regulatory and market tailwinds behind CGF.
 
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