Ten's thrifty balancing act

Ten's decision to raise capital today rather than rely on the sale of EYE Corp was prudent, given that Brambles, which is a far stronger business, took a similar approach to shoring up its balance sheet.

For the second time this week an Australian company has adopted a safety first approach to shoring up their balance sheet. Ten Network’s balance sheet probably needed to be shored up more urgently than Brambles’.

Both companies are in broadly analogous situations.

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