JENNY RUTH: Augusta rescue mission a sign of the times

Sun, 10 May 2020

Snouts in troughs was probably the cynical first reaction to the spectacular deal ASX-listed Centuria Capital is getting from the $45 million Augusta capital raising. Those snouts mucking in could well be the case but, viewed from a different vantage, the situation could also be simply a measure of how much the world has changed in a few short weeks due to the coronavirus crisis. There is no doubt this was a rescue mission – as Augusta chief executive Mark Francis put it on a call to investors and analysts on Monday: "You couldn't have wr...

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