RE: On the bright side ...24 Apr 2025 10:35
Terry,
Sadly you can kiss any kind of meaningful rerate goodbye.
You have such a slug of shares issued to Crescent, the fundraising, the underwriters let alone Maverick they’ll all be glad to offload asap into any kind of SP increase once the 6-12 month restriction vested. They will take their dividend for the time being.
I hope I’m wrong but add into this mix of DEC high interest debt for longer , share dilution , Trump causing mayhem, lower oil/ gas prices , geopolitical tensions , tariffs etc etc ( the list goes on) what’s going to make this dog rerate !!
With all the inherent risks in this business Hutson should be making it clear no more acquisitions , buckle down and leverage these assets, cash generation and shareholder return are the key drivers until their is greater certainty in the economy.