$1 on the card-no, page-27

I disagree that it is in everybodies interests for the SP to rise - it is in private equities interest for the SP to fall as low as possible IMO. I suspect the market is factoring in a second crap raise at some stage, as that is in Crescent's interest as well IMO. This first crap raise was super successful for them, so I expect another very dilutive crap raise at say 50c or less. It is getting sold off partly with energy and minerals, as a lot of their work stems from that. I suspect more than what they say in their presentations, as there is indirect work based on funding by mining/energy ventures etc etc.

It is an absolute bargain, but a lot of institutions only want to invest when the last crap raise is done and dusted. It is also likely to fall out of the ASX300 soon, due to crescents holding not being included in the weighting, and it recently fell out of the 200.

So if you hold this one, you might need a longer term view IMO, and a bit of spare cash aside to take advantage of the next crap raise.

Good luck - all IMO only