TSE 5.50% $1.06 transfield services limited

completion of retail entitlement offer , page-2

  1. 4,087 Posts.
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    I would have expected that to start today, because I got my shares today and I could have sold!

    There might be some sellers but also people got these and are prepared to hold for longerterm to reap greater benefits.

    I think given the dividend will be coming and it's a very attractive yield. As the PER is low and the company has performed from a growth perspective 20% on av annual this company will do well if there is a recovery this year (As we have had one of the worst years on record)

    Unfortunately the company got caught out with it's pants down with the Credit Crunch and the speed & massive devaluation of the Dollar and it's borrowing ballooned.
    This happened at the worst possible time to ask to raise $$. I think $1.35 is an absolute joke.

    There may be some short term weakness like you said due to more shares but I think that might be a buy opportunity...
 
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Currently unlisted public company.

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