Originally Posted by
Balance
Not another $200m, Mouse. In fact, PGW has paid back the banks earlier due to stronger cash position.
Sp of companies after hefty rights issues tend to be volatile. We have seen it with NPX, FPA, PGC and the same with PGW. Traders will trade in and out and there's still decent profits in PGW for those who were brave and bought the stock at lowish levels. Remember the rights price was 45c.
Dr Who thought ELD is very cheap but forgot to do a post-taxed PE adjustment - which is how comparisons are made. The fallacy of youth - they think they know everything. Sigh.