RE:financingOne of the things I've learnt over the last couple years is if you want to own DIR, then you need to be prepared for very frequent money raising including equity issuance, green bonds, subscriptions, debentures, etc.
By my count, they did 5 in 2021 and all were in the $200-300M range except one debenture at $800M..
I've also noticed that they do the equity issuances at very good prices. I actually disagree with your comment on this being a "large discount":. Don't forget that DIR was trading as low as $15.81 only two weeks ago so $16.30 looks pretty good compared to that.
Lastly, I've also noticed that the DIR share price bounces back really quickly after an equity issuance. I predict it will be above $16.90 in the next 2-3 weeks. This is actually an excellent short term trade and I'd be doing one if my trading dough wasn't already tied up elsewhere.
Ciao
Sarge
123600 wrote:
if they are so damn good why do they have to give such large discounts to their $ raising?