I sold mine to realise the losses (which more than offset a couple of gains made previously ..but ‘oh well’ :/
… Then bought them back.
It seems as though the public raise might fall short but why did Blundy buy in at 28c just before the halt .
- Surely he had some idea of how this was going to work out?
I guess time will tell.
Meanwhile VWAP today around 12.6c …..
Commiserations to all those badly hurt by all this.
cheers
https://www.capitalbrief.com/briefi...-target-b38e7a14-4712-48d5-bef9-64f488674412/
BRIEFING
FASHION FAIL
City Chic shares halve as institutional raise misses target
10:30am today
The news: City Chic Collective's share price more than halved on the ASX after the plus-size fashion retailer failed to raise a target $15.4 million through the institutional component of a $23 million equity raise.
The numbers: City Chic shares were down 57.5% to $0.13 by 12:25pm AEST.
The company confirmed it had completed the institutional component of its planned $23 million equity raising though a placement and entitlement offer.
The institutional component comprised of a $5.4 million placement and a $10 million entitlement offer. However, the completed entitlement offer raised a total of $9.2 million, missing the total target by $0.8 million.
The retail component of the offer, which previously targeted a $7.6 million raise, will now seek to raise $8.4 million.
New shares under the equity raising were priced at $0.15 per share, representing a 50% discount to close of $0.30 on 17 June.
The context: City Chic announced the launch of the equity raising on Friday, after agreeing to divest its US-based Avenue business to Fullbeauty Brands, as part of a broader business transformation.
The retailer said the equity raising would provide working capital, support the group's growth strategy and fund one-off restructuring costs.
- Forums
- ASX - By Stock
- CCX
- Ann: Capital Raise Investor Presentation
Ann: Capital Raise Investor Presentation, page-26
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CCX (ASX) to my watchlist
|
|||||
Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $36.80M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 9.9¢ | $39.72K | 395.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 201855 | 9.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 760816 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 201855 | 0.099 |
4 | 356109 | 0.098 |
4 | 225979 | 0.097 |
3 | 413195 | 0.096 |
8 | 316372 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 740816 | 11 |
0.110 | 373079 | 6 |
0.115 | 224296 | 7 |
0.120 | 502251 | 6 |
0.125 | 43206 | 2 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
CCX (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online