It's not enough capital by any means. But I only chose that figure because analysts have previously said that a capital raise of more than $50M was unlikely to be possible. Mind you, the SP was far north of its current position when I read that.
On to your numbers.
To raise $180M at NZ$0.25 per share (10% discount to current trading) would require 720M new shares.
The dilution would put this at $NZ0.063 per share.
Ann: Market update deleveraging plan, bank covenants, guidance, page-89
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $57.92M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 26.5¢ | $26.48K | 98.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11741 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 3761 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SM1 (ASX) Chart |