That’s the great thing with the share market, no one is forcing anyone to invest. If you don’t like it, don’t take up the new shares. If you don’t like the company, or it changes, then sell out when opportune. It’s not been a secret that they would need to raise money for their Aussie acquisition. I’ve taken up my allocation and are hoping they do well. But there is certainly some risk that they don’t succeed. Plenty of NZ companies have failed in OZ as others have pointed out. Personally I think they have been doing business long enough there to know what they are doing. Time will tell.
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