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0.00% 9.2¢ axel ree limited

In today's ASX announcement:Short term capital managementA key...

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  1. djw001
    29 Posts.
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    29/11/18
    10:22
    Post #: 36683540

    In today's ASX announcement:

    Short term capital management

    A key requirement of the short term capital management plan is to ensure that sufficient equitycapital is available to support the Company and recapitalise its balance sheet. As such, to ensurecompliance with financial covenants and support the ongoing origination of receivables theCompany intends to raise additional equity of approximately $25m (before transaction costs). TheCompany will update the market as it progresses to achieving this outcome.


    At what price though? Will current shareholders support this? Does not look promising IMO. 

    Last edited by djw001: 29/11/18
    AXL Price at posting: $1.63 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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