Looks like the 1st of the acquisitions has gone forward.
According to 'Morgtgage Professional Australia (Dec Issue)' we are seeing "Competition green shoots are beginning to surface again in the mortgage industry, and returning borrowers are looking to the non-bank sector to provide an alternative to dominant bank lenders - just as they did 15 years ago".
I'm pleasently suprised that the share price has continued to climb and it looks like those that take up their rights will be doing so at 30% discount to currant shareprice.
I was a bit concerned that there might be a few selling half their shares to take up the 2 for 1 options @ 5 cent. Plus the dilution and a couple of Directors have exercised some 5 million 4 cent options of late.
FFF Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
