capital raising, page-2

Agreed alfredo

And the timing is excellent. I was fearful that the sp was beginning to fall but now the price of the cp could put a floor to the price.

The management has shown it knows how to save a company from administration. IMO the next announcement will be important to judge if they can acquire accretive businesses. They will probably need to buy businesses that have PE higher than AMA. So the PE might suffer at first but I am confident they will be able to turn them profitable in the medium term.


[Note to myself: The only move that would make me sell instantly is if they buy something in the USA. I saw too many non-US companies burnt by the US Eldorado myth]