Australia's largest stock trading and investment forum Australia's #1 stock forum

TSI

Click for more information

0.00%

4.0¢ top shelf international holdings ltd

Ann: TSI Announces Capital Raising to Raise up to $13.9M, page-4

First 4 Last

Share
Profile

Follow
VamosMikel

1,311 Posts.

309

22/05/24

19:37

Post #: 73962085
Share
Originally posted by Against_: ↑

Correct me if I'm wrong - the net effect of this
~$3m (10% of your market cap) in transaction costs going to a large shareholder - Salter Bros
$0.5m pa + min 20% uplift on $5m capital going to another large shareholder - Grove.
20% uplift on debt interest rate
Interest of $2.6m pa turns into Interest + Rent of $2.8m pa
Forecast breakeven point is pushed out 6 months to Jun 25
Shareholders are diluted by 40% (more if/when options are exercised)

Well done team

Expand

I hope people realise how bad this is... These guys are in serious trouble.
TSI Price at posting: 17.5¢ Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BUX

Buxton projects new graphite province discovery at WA Narryer play

There are more pages in this discussion • 19 more messages in this thread...

First 4 Last

Add TSI (ASX) to my watchlist