Although they have stated the capital raise is for acquisitions I suspect it's as much to do with keeping shareholders happy given they're not yet paying dividends. It's a clever way to go as it strengthens their balance sheet and gives SHs a chance to accumulate at a discount - at the price of a little dilution, which I think most would accept given AFL are in such a strong growth phase.
Although they have stated the capital raise is for acquisitions...
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Last
13.0¢ |
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Mkt cap ! $11.86M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 69458 | 13.0¢ |
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| Price($) | Vol. | No. |
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| AFL (ASX) Chart |