I bet those people complaining about the capital raising are right now saying how wonderful our Board is that they forecast the Dubai issue and quickly raised the capital before the market hit the skids.
Can you imagine what MEO would be doing right now if a retail shareholder offer was in the balance and the market price was under the offer price. They would effectively be screwed and have to try and raise capital at the worst time possible.
Just goes to show the benefits of a quick capital raising to reduce any risk!
;-)
MEO Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
