Pretty sure I read in the FY report the WGL IPO was on hold. I don't see why they would need to raise funds. AMAG and WGL have both raised funds in the past 12-18 months and are well funded to see them through to IPO. PPK gets revenue from each of the subsidiaries for doing admin services. Wouldn't surprise me if they get dividends from PPE and Craig in the next 6-12 months which they can use to pay back any debt or hold on to for working capital. Or as stated before then can sell down any holdings in LIS if required but I don't see that happening.
Ann: Market update presentation, page-16
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Last
44.5¢ |
Change
-0.015(3.26%) |
Mkt cap ! $40.48M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 43.0¢ | $9.316K | 21.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7681 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 6929 | 3 |
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| Last trade - 13.09pm 26/08/2024 (20 minute delay) ? |
| PPK (ASX) Chart |