Could see a small bounce once UBS sells down overhang , i assume shorters will be all over this situation.
http://www.theaustralian.com.au/bus...g/news-story/0ecee5e64d417edecb7a2923b36402a3
The Downer EDI share price is expected to remain under pressure this week as adviser UBS continues to sell down the overhang of stock not taken up in the $1.01 billion capital raising.
UBS was left with 44 million unsold entitlements in the two-for-five offer, after just two-thirds of the raising was taken up.
Wow - a mega disaster in the making, page-75
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