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
Add SM1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.5¢ |
Change
0.025(11.4%) |
Mkt cap ! $53.55M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 26.0¢ | 22.0¢ | $52.46K | 221.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3400 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 8789 | 1 |
View Market Depth
| Last trade - 15.59pm 04/07/2024 (20 minute delay) ? |
| SM1 (ASX) Chart |