It has been mentioned on another thread that participation in capital raising / SPP may be a profitable strategy. So just thought I'd start a thread for people to list companies that may be in need of fresh capital.
Note the August profit season is just around the corner, but I wouldn't be surprised to see company rush the equity market earlier before the bad results affect sentiment (and share price) even further.
To make this a useful thread, please put forward your ideas / thoughts with valid backup.
I will get the ball rolling.
QAN - Been rumoured since the last raising but recent cancellation of aircraft orders may mean they can bunker down without additional capital
VBA - Long time candidate but apparently Richard Branson is not keen to sink further money. The SP is too low and they are still making a loss so participation may not be high enough. They may have to bite the bullet soon however.