Although they have stated the capital raise is for acquisitions I suspect it's as much to do with keeping shareholders happy given they're not yet paying dividends. It's a clever way to go as it strengthens their balance sheet and gives SHs a chance to accumulate at a discount - at the price of a little dilution, which I think most would accept given AFL are in such a strong growth phase.
Ann: FY21 Half Year Results Presentation, page-4
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AFL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.32M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 179000 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 33986 | 2 |
View Market Depth
| Last trade - 16.12pm 02/08/2024 (20 minute delay) ? |
| AFL (ASX) Chart |
Day chart unavailable