capital raising price and amount, page-20

"takeover talk on Downer - it is true that Downer is trading at less than a "sum of the parts" valuation"

Definitely. Anyone who takes over Downer now and puts the broom through the place would make half a billion profit in their first year. (Geoff Knox tried to clean things up and quickly got ejected.)

Enough said. I honestly cant see how they could possibly make things worse with so much money coming in. Most likely they will throw shareholders a bone or two next year to shut them up. So I do reckon this is likely to be the bottom.

Another thing they said recently "we don't need to raise capital because we are not taking on new projects". I think they have changed their mind!