Originally Posted by
Balance
I would say that PEB has raised the last of its capital.
Harbour Asset fund managers are going to have to answer some really hard questions why their strategy of underwriting capital raisings/placements (nice fees, see?), supporting the share price post the capital raise (performance, see?) and building up an ever greater shareholding (more influence, see?) has blown up so spectacularly - $50m hit.
Cannot see their fund 'guardians' allowing any increased exposure to PEB - so PEB better perform!