centro2008
you are missing one point - which is that the $750M will be used to pay off debt, which will increase the profit of the company (by lowering the interest). in the case of ABC which has such a woeful return on equity (struggling to actually meet debt) then the rights issue would not be dilutive.
the issue is, are people really stupid enough to give these fools more money to lose? i would have thought that getting rid of eddy would at least be a prerequisite for investing in this company....
ABS
a.b.c. learning centres limited
