ASB 0.00% $3.16 austal limited

9 for 10 renounceable issue - cr @ 50c, page-14

  1. 46 Posts.
    Stu, not relaxed, but I just didn't want to jump to conclusions prior to reading all I could regarding.

    MY view is that this is a disgusting CR, the biggest concern is the discount that was required to offer to the insto's to make them jump at the offer hence we now have a 50c CR.

    I have sent an email to management but am yet to receive a reply, I am not holding my breath.

    LT holders have just been cut to shreds with this and it looks to force us (as all are already bleeding with the big drops) to have to take part to simply average down this increasing loss.

    Regarding dollars prompt decision, to be honest I considered doing this also. My only saving grace is this baby is not a huge percentage of my portfolio, but with a huge drop it still shows a massive red mark against my portfolio.

    I could not find sentiment 'Disgust' hence went with 'LT Buy'.


 
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