GRB has been to hell and back, and they raised capital at the very bottom. I doubled down at 2.5c/sh entitlement. At the time it was armageddon because the stock had fallen precipitously on capital raise fears. The same types of negative punters as we see here on BAT, were posting hair-raising negative spray all over GRB, and I was one of them because it was scary (I have refrained with BAT because we need positive, not negative sentiment to help the share price). GRB is looking good at 8.6c/sh right now (relative to 2.5c/sh), but that's still a fair way off where it once was.
Re GRB - the capital woes are past history now - yes they have a good balance sheet (they had debt but they have paid it back, and they are now making cash). I'm confident the same is on the cards with BAT. It always feels like armageddon when you're in the thick of it. Apologies to discuss another stock but just sharing the experience.
