RE: Whats not to like?22 May 2020 13:53
For the last couple of weeks institutional investors will have been given the opportunity to subscribe for placing shares. CF said a couple of weeks ago that if he were to raise funds shareholders would get the opportunity via Primary Bid, as a rights issue would take too long. I tried to open an account with Primary Bid, but couldn't. A lot of investors will have taken the obvious hint.
I think CF has done everything he could to help shareholders, and more. He won't have diluted the share price unless he knew it would add considerable value. Don't forget, he's the biggest shareholder, and he won't have been able to participate in the placing in these circumstances.