re: 6.50 placement.....bugga Makes you think why would a company with record cash-flows and profits would seek extra funds.
The main reason would be that it's goona have a tilt at NZ's Tranz-Rail's road operations.
The second reason I don't even want to think about. Little & Rowsthorn each exercised options and sold straight away(800,000each). Should be enough for that record property Little paid a few months ago.
Not a good day to come out with this garbage. Shares would have consolidated over $7 today.
re: 6.50 placement.....bugga Makes you think why would a company...
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