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.
This is a sizeable capital raise. According to the notice,...
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 (20min delay)
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Last
$2.30 |
Change
-0.020(0.86%) |
Mkt cap ! $415.9M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.35 | $2.30 | $324.1K | 139.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19582 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 6250 | 3 |
View Market Depth
| Last trade - 13.24pm 31/07/2025 (20 minute delay) ? |
| ALI (ASX) Chart |