Comparative review

Ten, after claiming it didn’t need any more capital just a couple of months ago, lost what few supporters it had left last week, announcing a highly dilutive 4 for 5 capital raising at a massive 39% discount to its last traded price. Still, after the capital raising Ten will have no net debt, and with the share price down 80% since Ten: Switching off from 24 Nov 10 (Better value elsewhere – $1.60) is this an opportunity? In short, no. Whilst Ten’s financing is now more secure, of more importance is the longevity of free to air television. Consumers are...

Ten, after claiming it didn’t need any more capital just a couple of months ago, lost what few supporters it had left last week, announcing a highly dilutive 4 for 5 capital raising at a massive 39% discount to its last traded price.

Still, after the capital raising Ten will have no net debt, and with the share price down 80% since Ten: Switching off from 24 Nov 10 (Better value elsewhere – $1.60) is this an opportunity?

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles