RE: Canaccord Broker upgrade to 25p 💥👏16 Apr 2025 12:48
"why the hell would they want to do another fund raise ?"
SAS,
You have sufficient experience and are highbrow enough to understand the reasons behind a potential raise, which imo is likely to occur. You possess a higher level of insight than this, unless you are being sarcastic. Factors such as liquidity, preferential rates, and the impact on the current share price contribute to the uncertainty in this market, among other considerations. You, along with other informed investors, recognize that the market reacts negatively to uncertainty and often penalizes it. This is not the first instance where Day has left a raise shrouded in ambiguity. If your perspective is accurate, why not assert that there will be no raise? The issue is not merely the size of the raise; it fundamentally revolves around the price. Both you and I, along with the market, are aware that Day tends to offer substantial discounts during a raise, which has historically resulted in substantial benefits for the corporate elite. I hope your assessment is correct, but past experiences indicate otherwise.