g41,I think in principal it would be a good thing if...

g41,

I think in principal it would be a good thing if shareholders were given the chance to remain undiluted, but in these fast growth stories it is sometimes easier just to get the raising done. I've seen SPP where existing holders just end up selling their "in the money" allocations for a stag profit. Shareholders can treat SPPs as a bit of a dividend and then the share price has to go back before it can go forward.

I think the bigger threat to the RFL share price will be shifting sentiment around the tech sector and whether or not the All Ordinaries index holds its ground.

That's why the Cap raising has been perfectly timed IMO.

SilentO