An Aussie long shot for Evolve Education
Shoeshine: Shareholders have little choice but to hope a huge rights issue will rescue their company.
Shoeshine: Shareholders have little choice but to hope a huge rights issue will rescue their company.
Evolve Education’s blockbuster rights issue might solve (somewhat) the company’s overgearing problem, it might (optimistically) set the company up for some growth but the large demand for money does have the feel of a board holding a loaded gun to shareholders’ heads.
My main concern with