Whats your opinion on supporting share purchase plans? I always thought it was a sign of weakness if a company was asking for more money from you, unless it was to fund a good acquisition.
In the past week, 2 of the shares I hold have announced SPPs to pay off debt (HUG and CBD). Both are in a 'declining trend' and I am relunctant to participate. However, given the discounts offered, it may be worth it.
The last 2 SPPs I participated in were PSI and SPC. Both companies were taken over within 6 months of the SPP and at significant premiums (>50%) to the SPP price.
Anyone got any horror stories about SPPs or anyone who doesn't support them?