Reply to thread

$16M is a bit over 40% of their current equity position, so I guess its not a puny number to a small company like Capilano.

(have you ever tried to borrow $16M from a bank, whether you borrow $100K or $100M, they will decide based on collateral)

 

Yep, I would have preferred them take on more debt, however with $10M long term debt and $10M short term I can see why taking on more equity was attractive.

Is much stock owned by fund managers? the top twenty list is full of long term share holders, I think the dividend is to assure shareholders that they still are committed to a dividend policy.

I actually don't think the issue is that expensive, its only $19.10 when you subtract divvy, hence the reason I would have preferred a debt issue, its just not really practical unfortunately as it sounds like there is going through a big growth drive into manuka production.

I will be taking up as much of my allotment as I can, its poor timing for me because I am fully invested at the moment as I mentioned when we were discussing MRM, so I might not be able to take the full allotment unless I can juggle some stuff,