This cap raising is a short term fix to fill a funding gap. If the unsecured is detached Mny would be able to secure debt funding at competitive rates. At present that situation doesn't exist. It really is a no brainer , there has to be separation. If the unsecured is sold in a trade sale I very much doubt if it could be sold for much at all. Much better to seperate into two listed entities. With due respect to the current management. I don't see any particular talent there in terms of raw talent to grow a business. I think there are Inherent risks in their business model.
Mr Bryant management style probably doesn't endear him to the financial establishment. Who cares,
They had better have a non compete clause if Mr Bryant ends up with the unsecured. He would eat their lunch.
Ann: Trading Halt, page-8
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Last
$1.05 |
Change
0.020(1.94%) |
Mkt cap ! $218.7M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.06 | $1.03 | $155.8K | 149.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3544 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 2121 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SVR (ASX) Chart |