RCR rincon resources limited
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Macq bank has come out with the following gem FY18 results were...

  1. Hotfire
    19,938 Posts.
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    29/08/18
    10:44
    Post #: 35258201
    Macq bank has come out with the following gem

    FY18 results were slightly better than expected. The company announced 1-for-1.65 entitlement offer at $1.00 to raise $100m.

    The equity raising and $25m additional working capital facility will enable the company to address the solar cost overruns and strengthen the balance sheet.

    FY19 outlook is for underlying EBIT of $40-48m

    No price target as they are currently restricted
    RCR Price at posting: $2.80 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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