EVS 1.89% 5.4¢ envirosuite limited

A couple of things I find interesting re EVS today:(1) No...

  1. 490 Posts.
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    A couple of things I find interesting re EVS today:

    (1) No mention of a Retail SPP to accompany the Placement to (yet unidentified) Institutions.
    (2) The SP seems to be holding up well - considering both the upcoming dilutionary effect of the 52.3 mill Placement and the fact that we are now into Friday afternoon trading. Nevertheless, I note some possible game-playing that could be intended to establish a support @ 21c, if not then, @ 20c.

    I'm obviously pleased that my top-up @ 21c just prior to the TH has not been smashed by the subsequent announcement ... not immediately at least.

    Just maybe the CEO's comment below has genuine validity - let's hope so! (emphasis mine)

    "That we have been able to raise capital in a highly sought-after Placement
    at a materially superior price than the previous tranche of growth funding is
    indicative of the trajectory of the business and investors’ appreciation of the
    opportunity that lies before us".
 
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Last trade - 15.46pm 20/06/2024 (20 minute delay) ?
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