As part of their "successful capital raising", I have to say...

As part of their "successful capital raising", I have to say that it wasn't a pleasant experience. They diluted their shares by giving rights issue to existing shareholders (can't remember the exact numbers), so basically either I double down or lose all my shares to dilution.

Was lucky to get out with half my shirt. If their numbers are solid, this is a really cheap stock. But this is construction company. Revenue is as easy to make on paper here as in insurance company, I posted a long explanation on revenue recognition process for construction company before. I'll try to find it a repost for the "new investors".