If a company has good track record how they spend money a rights issue targeted to existing investors are quite popular. They sell shares and use the proceeds to grow the company (buy extra oil rigs, ships, real estate depending of the nature of the company)
Hence a company issue extra shares while keeping the dividend policy. I see that all the time in profitable companies. And no, I don't agree with Siafs level of dilution, but what are you trying to prove?
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