The CR is for a very specific purpose which is to fund 2 acquisitions, one of which is almost closed and the second of which is in late stage negotiations. CAT s not raising for the sake of it and the timing of it is based on the purpose of the funds and not where the share price currently sits.
Your points around SP's dropping after CR are without evidence. In fact one would assume that when going to institutions asking for money a X$, the company has a serious interested in ensuring the institutions make money, otherwise the next time they need to raise no one would be interested. The fact that the CAT CR has been funded by institutions at $2 is a positive and shows confidence at these levels in the marketplace.
I will be taking up my entitlement and hope to receive the full allotment.
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---|---|---|
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Price($) | Vol. | No. |
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1 | 375 | 2.000 |
1 | 3597 | 1.950 |
2 | 12230 | 1.930 |
4 | 14300 | 1.900 |
Price($) | Vol. | No. |
---|---|---|
2.130 | 12000 | 2 |
2.140 | 15000 | 1 |
2.160 | 30000 | 1 |
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