Well, if Synlait do a capital raise, A2M would need to participate in order to maintain its 19.9% holding.
Yes ... and interesting year for Synlait re: debt reduction due dates .... It still begs the question why A2M are holding circa $800 million in the bank even if it is all earmarked for Synlait given they could take the whole debt out and still have plenty left in the tank ? The first prepayment of $130 million due by 31 March is approaching fast so a CR can't be far off if that is going to be the solution ?
GLTAH
Ann: 1H24 Results Call Notification, page-40
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Last
$5.60 |
Change
0.070(1.27%) |
Mkt cap ! $4.054B | |||
| Open | High | Low | Value | Volume |
| $5.56 | $5.64 | $5.54 | $7.447M | 1.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3244 | $5.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.61 | 2113 | 2 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |