Reason why I'm abit sceptical about current management James Packer, Lachlan & Rinehart bought in over $1.45. Since then they got there dividend, directors fees and now 3 for 8 shares at 51 cents. If share get to 70 cents they will probably be in the money. I think if ten fall to around 40 cents it will be to tempting to take ten private with private equity. Ten is perfect turn around story it has minimal debt compared to SWM and Nine and no doubts once it gets AFL or NRL game revenue will grow. I average about 85 cents, I rather buy on market tomorrow then take up my right issue.
TEN Price at posting:
40.6¢ Sentiment: None Disclosure: Held