Hopefully, the execution so far as been slow and steady and they have't really put a foot wrong. The "collapse" of the SP to 16 in the lead up meant that there was little incentive to take up the rights issue. Hopefully the shortfall is mostly paced to strong hands.
Annoyingly, I'm not based in Aus, and didn't receive the offer letter until the day before closing date, given that I don't have BPAY access, it meant that I couldn't participate even if I wanted to.
UCW Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
