PBP 0.00% $2.98 probiotec limited

Agree brrrattt, very interesting. Annualised return w/ the...

  1. 8 Posts.
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    Agree brrrattt, very interesting.

    Annualised return w/ the 7.5cps of franked divies is now 28% @ $2.78 SP ($3.075 / $2.78. End of June now only 4.5 months away).

    Seems the market is worried Pyridam can't raise the funds? They have one hell of a dilutive rights issue to do considering it's a $47m AUD market cap acquiring $251m equity value. Also appears they're not profitable...

    Anyone understand legal speak? Two items in the Scheme document sound pretty good but I have no confidence I'm interpenetrating it right.

    1) Seems Pyridam has a binding commitments from sponsors enough to fund the deal already?
    https://hotcopper.com.au/data/attachments/5962/5962400-32242e7e7f4e379f17a73dd858bc4497.jpg

    2) Also a potential standby buyer that has will come in and buy any un-exercised rights in the capital raise?
    https://hotcopper.com.au/data/attachments/5934/5934929-32242e7e7f4e379f17a73dd858bc4497.jpg
    https://hotcopper.com.au/data/attachments/5934/5934933-186bfb21c64cafb74e9145622579dfba.jpg


 
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