they are raising money on a very decent share price in order to invest in their business.if u trust the management team then this is a good move for the future.if u do not then they will waste it.each investor can make their own mind up
At Koos: Rights issues are always at a discount otherwise no incentive to subscribe. What I understand is the rights offer on JSE is to shareholders in Steinhoff not the open market. Simon: Please explain how they are arbing the R3 difference. Surely they can just sell their rights for R3 next Thursday?