Will be heading down towards 50c, I suspect in any case.
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Hey if people are lapping this up maybe AIR should get in quick and do a similar capital raise...just change it to 4:1 at 50 cents and see how they go ?
Wesfarmers might take Kathmandu over in this story
But whatever Macquaries have put Kathmandu on a takeover target list and might attract others ...probably to small for Wesfarmers anyway
https://www.smh.com.au/business/comp...02-p54gcb.html
I have gone short at 91 cents. Lets see how that plays out.
You see them just after 10AM on the open. Or after coming out of a halt. Sharesies will not place orders pre-open so they all pop up at 10.01AM or thereabouts. But they are gone now. Interesting phenomena though. I went short at 91 cents, took some off the table on Friday at 82 cents and going to hold the rest of the short till about between 50 and 60 cents. (if it gets there)
Must be about time to exit the short. I see they are down to 63 cents this morning. That's a pretty quick fall the last few days. But I doubt they will fall over in the medium term. All that extra cash from the rights issue should support the balance sheet for a while.