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  1. #3371
    Veteran novice
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    More evidence of slowing of Aussie economy, our biggest source of tourists.

    https://www.smh.com.au/business/the-...03-p523nx.html

  2. #3372
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    Quote Originally Posted by macduffy View Post
    More evidence of slowing of Aussie economy, our biggest source of tourists.

    https://www.smh.com.au/business/the-...03-p523nx.html

    And some more
    https://seekingalpha.com/article/427...gnal-recession

  3. #3373
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    What the view on taking up the rights offer? $3.40 still a discount at current prices.

  4. #3374
    percy
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    Usually a company's share price is weak when they are raising capital.
    Good time to buy in,poor time to sell out.

  5. #3375
    Go The Warriors "This Year!"
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    Quote Originally Posted by theace View Post
    What the view on taking up the rights offer? $3.40 still a discount at current prices.
    I personally won't be taking up the offer.
    Not selling at the moment or buying any extra.
    Have also stopped the DRP and at the moment will take future divis in cash.
    While the price is definitely weaker than it has been I'm not completely convinced it won't drift lower over the coming months.
    I think the economic cycle and weak business confidence is all against cyclicals like this in the current times.
    Think they still have a bright future but they are in for a trying period over the next while.
    ATL also struggling for traction on that ASX..

    Will be taking up the rights issue with ARV which is happening at the same time and hopefully grab a few extra of those !

  6. #3376
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    " The clearing price under the shortfall bookbuild was $3.88 per share, a
    premium of $0.48 per share over the application price of $3.40 per share
    under the offer. "

    Decent premium over the application price. Pleased I took up my allocation....so far.

  7. #3377
    percy
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    The trust I am a trustee of took up its entitlement.
    Was not sure whether it should have or not,so I am very pleased it did.

  8. #3378
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    Quote Originally Posted by greater fool View Post
    The graph of sales vs recessions shows a drop in sales has predicted 5 of the last 3 recessions.

  9. #3379
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    Sold the extras. Paid for the groceries this week.
    I am not confident in the direction this company is heading, and don’t need the additional exposure.
    Pleased I took the risk on the issue, and pleased they have gone.

    Quote Originally Posted by RTM View Post
    " The clearing price under the shortfall bookbuild was $3.88 per share, a
    premium of $0.48 per share over the application price of $3.40 per share
    under the offer. "

    Decent premium over the application price. Pleased I took up my allocation....so far.

  10. #3380
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    Morgan Stanley soaked up the float. They must think there is value

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