You've mentioned before they should keep NZ and i agree.
Realistically, Vocus have two options:
1. Try to sell NZ
2. Cap raise
I think right now option 1 is riskier, if they don't get the sale price to pay down enough debt and fund the ASC, then they are forgoing a profitable business segment in NZ and still opening themselves to debt covenant issues. Even though with option 2 there is a risk of minimal subscription to shares, i think most investors and instos will see the light at the end of the tunnel and cough up the $150m. What's your thoughts?
TLDR if they do a cap raise now, they will have $150m in 4 weeks and will be clear sailing (and i would actually buy in) v the unknown possibility of a buyer not offering $450m + by June 2018.
