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12-05-2017, 10:48 AM
(12-05-2017, 10:36 AM)lilvestor Wrote: Looks like the management has finally exhausted its credibility and investors are capitulating now. Everyone gets what they deserve from the market, the red flags were there, many raised reasonable doubts, those who chose to ignore them only have themselves to blame.
Will they do another rights issue? Can the new management turn it around with huge debts (8% IR?). Will they fall with China soveirgn wealth fund having a stake, abeilt reduced one. Takes a lot of conviction. Ttempted to take a small punt.
Winston Churchill:-
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
"The farther backward you can look, the farther forward you are likely to see."
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
"The farther backward you can look, the farther forward you are likely to see."