RE: Placing31 Mar 2026 17:26
No company would ever leave it until they were out of money...they could have raised at mid 40's. Its the second poorly timed raise.
I have no issues with capital raises, but they should not batter existing shareholders especially when there was opportunity to do it better a week or so before hand. That's a red cross for the management. Unusual considering their usual consideration for shareholders. Peel are not a broker that are well known for doing decent non discounted placing, in fact the opposite....We need a broker who is able to deal with this, having said that, hopefully we are nearing the end of the need for that