Just as a matter of interest, who amongst the BEC shareholders would participate in a equity raising @ say 8 cents a share on a 1 for 1 basis?
I would...on the grounds that we need to protect the $1.24 in NTA we have per share and not allow an unconsionable bank the possibility of taking advanatge of a timing difference in selling assets to cover debt.
I don't believe this to be the case...and I really think the new BEC focus on social development pitched at the residential market segment (first home owners)that is really firing.
Still, it would be good for management to get an inkling on shareholders thoughts in this regard.
What are your thoughts?
Just as a matter of interest, who amongst the BEC shareholders...
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