=+6. Analyse the following financial decisions. Do they send out positive, negative or neutral signals?

Signal + − =

Sale of company by managing shareholder Sale of company by non-managing shareholder Failure of a managing shareholder who has invested most of his wealth in the company to subscribe to an equity issue Failure of a capital investor to subscribe to an equity issue Increase in the dividend per share (DPS)

A family-run company running up excessive debts Giving out free shares while maintaining the dividend per share Giving subscription rights to all shareholders at a strike price that is twice the price at which the share is currently trading