Worse? sounds like a good deal to retail shareholders.
the 60c cash offer is excellent news and record date is the same for Rights Issue and the SPP - which means BKW and CMV's examples won't be repeated.
They've confirmed previous guidance of $16-26m EBIT which is not bad news. In FY2009 they paid $18m in interest - which means after the capital raising they should be in the black.
Ann: Equity Raising Announcement , page-3
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