On a closer look at the offering, it appears to pay down only a small portion of debt, at a low discount but material still.
Why not try to refinance instead of offering a 7% discount to shareholders and refinance once interest rates look to rise again?
I know it is easy to be a judge from the sidelines, but wondering if this is the first of more than one capital raise this FY.
Ann: Equity Raising Presentation, page-4
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Last
$2.38 |
Change
-0.020(0.83%) |
Mkt cap ! $3.261B | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.40 | $2.36 | $4.141M | 1.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14786 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 71013 | 6 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| NSR (ASX) Chart |