This is a sizeable capital raise. According to the notice, maximum number of shares to be issued is ~30% of shares currently outstanding:
Portfolio manager Cohen & Steers must see opportunities in this market. I note from recent updates they have been almost fully invested (1.7% cash).
SPP price $2.35 is a 2.9% discount to NTA as at 23 September which was $2.42. There have been heavy falls on markets since then so I suspect any discount has been eroded.
Closing date 14 October provides time to see how market reacts. I will wait and see.
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 (20min delay)
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Last
$2.34 |
Change
0.010(0.43%) |
Mkt cap ! $415.9M | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.35 | $2.33 | $120.3K | 51.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33277 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 8764 | 1 |
View Market Depth
| Last trade - 11.56am 01/08/2025 (20 minute delay) ? |
| ALI (ASX) Chart |