BUB Capital Raising
Hi James and M&M, can you give your view on the BUB capital raising, if it is worth participating in the offer, avoiding it, or cutting my losses. Thank you and keep up the good work.
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Answer
Hi Tony,
Firstly and importantly, we cannot give personal advice at MM, we only discuss our “opinions & actions” around stocks in a general sense.
BUB has been falling for years and although its likely to bounce strongly at some stage we don’t regard it as an investment grade company until further notice. The raise is being done at 12.5c, offering no large, compelling discount.
