As listed companies queue up to sup from the capital raising well, the question needs to be asked as to whether our largest listed company might join them.
Telecom, the big kahuna of the NZX, certainly has no Nuplexesque dire need to raise cash. But nor did Fletcher Building, or more notably SkyCity.
And those two have done wonders for their balance sheets by tapping investors for cash.
Make no mistake, Telecom could certainly put a bit of extra money to use.
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