Believe sp is dropping because total market is dropping. It's very relative to the way entire market is performing.
For capital raising it's hard to predict but suspect Half year earnings will be a key factor in determining whether MCW need to raise money or they can survive without it. Appears to me they are on trcak with their asset sales in US & Australia but not sure if that will be enough to improve their debt position ( need to check numbers again).
There is another thing which is quite noticeable that in all the ann. in last 4-6 months there have been alot of emphasis on current sp vs NPAT and closing the gap between it. I get a feeling that MCW are OK and they are well aware that sp is well undervalued based on assets and future potential. In the short term, Half yearly results are the key.
Good luck
MCW Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
