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15/01/17
10:32
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Beave
I don't mind dilution if it is after big dent in borrowing, if placings are to LT institutions , or placings at launch on ftse.
lower gearing and a 2 figure PE multiple ?
The forward PER appears to be less than one - so -say 50% dilution followed by an actual PE of, say, 10 gives you 500% from here.
So dilution later, rather than sooner , is just fine . ( unless you want $8 I suppose)
Mel
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