VituVingiSana wrote:After reading it... I think I will hang onto my shares for now... I will get Rights [I need to get the cash ready] but I might even apply for ADDITIONAL shares [need even more cash!]...
The prospects seem upbeat especially with the new meters being rolled out meaning better cashflow & lower bad debts!
The bad debts reduced from 1.99bn to 107mn... Perhaps even lower in 2011
@VVS i think you saw I was right about them connecting 214,088 customers in 09/10..
they plan to connect 420,000 to the prepaid meters by dec 2011....
they've also significantly upgraded the system meaning less power outages...the increased used of hydro this year should also be better on the bottom line.
I'm definitely looking for the cash for my rights but I will not even bother applying for additional rights since I will waste time making lines to pick up my cheque when the application is denied
Mark 12:29
Deuteronomy 4:16