Good morning, it’s Paul here with Friday’s SCVR. It’s quiet for results/TUs today, so I’ll circle back to a couple of stragglers that I didn’t have time to look at earlier this week. Estimated time of completion is 1pm I’m pleased to see that Elon Musk has followed up on my suggestion, to take advantage of the crazy rise in share price at $TSLA to do a fundraising of c.$2bn. Apparently this is a fortnight after he had confirmed that there wasn’t going to be a fundraising. He gets away with murder, doesn’t he! Anyway, it’s most pleasing to note that he obviously reads the SCVR 😉 This is a point worth emphasising actually, about fundraisings in times of share price strength. Any company that has a soaring share price, and a stretched valuation, should take advantage of that to do a top-up fundraising. Bull markets present a golden opportunity to fix balance sheets, pay off debt, and protect a business in advance of the next recession. Yet hardly any management teams seem to anticipate the economic cycle. This is very strange. Why is it, that in the sphere of finance/economics, humans keep making the same mistakes without…
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