News out that the Bookbuild was oversubscribed with a resultant scale back. Strong support from existing shareholders and some new 'quality' institutions incl. strong global interest. Another step towards shoring up the Register which positions us well for further acquisitions. Provides optionality on going the Debt route or the Capital Raising route, dependent on the size of acquisition.
Give it a week or two and the conversation can now shift back to the fundamentals of the business and of course, their stellar financial performance.
Rokewa
PPH Price at posting:
$1.78 Sentiment: Buy Disclosure: Held