If you can't spell "forecast" in your market announcement, you probably deserve a 13% drop in SP...https://www.nzx.com/companies/GTK/announcements/253360
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If you can't spell "forecast" in your market announcement, you probably deserve a 13% drop in SP...https://www.nzx.com/companies/GTK/announcements/253360
Well done Couta1.
Belgarion.I should of listened to you.[did do with FIN, thanks]
Read the prospectus.Thought they had a good sound history,and were/are paying a dividend.
I was wrong,so sold on the open this morning.Luckily I only had 1666,yet I had considered a week ago of buying more.
Always a good wake up call when you get the odd one wrong.!!!!!
And im out, happy with 6.5% for the morning. Was hopeing for more but no one went broke taking profit.
no. If you own 100% of a business worth $50m, and you raise $50m of new cash, you now have 50% of a 100m business. The amount of money you have at risk is still the same (that assumes the IPO is priced right).
Compare that to a person who sells 50% of their $50m business who now has $25m in cash which is more than enough if your remaining 50% holding doens't do that well.