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MF Global speculates on Persimmon cash call

Persimmon could be enticed by its recent share price strength to raise funds, according to speculation.

MF Global guessed at a one-for-one call to raise £400m.

The broker said management should learn from the pain of their peers and use equity to reduce the interest cost, take advantage of a depressed land market and lift year-end work in progress in preparation fore increased volumes.

05/02/09 Financial Times 38

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