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Share
22/11/10
16:28
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TRF and IFE are tough at the moment and uncertainty over the funding arrangements are almost certainly holding the SP back.
WPG shareholders got thumped today with a massive placement at a huge discount and a paltry 1 for 10 for existing shareholders at the same price.
Certainly wasn't worth holding those shares prior to the ANN
I hope (trust?) Ian will deliver a much better deal for existing shareholders. (We don't need nearly as much capital as WPG)
For me it's a case of you can't afford to be out of them (IFE and TRF) but (on current performance) you can't afford to be in them!
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