21-03-2013, 03:31 PM
I suddenly thought of a question on Rickmers:
It is trading at steep discount to book value. If it is so good, the sponsors should have taken it private at steep discount.
Why did it choose to recap and continue to pay higher dividend yields post rights issue? Its like continuing to go to ah long for more expensive financing.
Potential Investor
It is trading at steep discount to book value. If it is so good, the sponsors should have taken it private at steep discount.
Why did it choose to recap and continue to pay higher dividend yields post rights issue? Its like continuing to go to ah long for more expensive financing.
Potential Investor