It's not enough capital by any means. But I only chose that figure because analysts have previously said that a capital raise of more than $50M was unlikely to be possible. Mind you, the SP was far north of its current position when I read that.
On to your numbers.
To raise $180M at NZ$0.25 per share (10% discount to current trading) would require 720M new shares.
The dilution would put this at $NZ0.063 per share.
Ann: Market update deleveraging plan, bank covenants, guidance, page-89
-
- There are more pages in this discussion • 21 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 SM1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
-0.040(15.1%) |
Mkt cap ! $49.18M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 22.5¢ | $120.0K | 508.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4443 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 3045 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| SM1 (ASX) Chart |