Bear in mind that it was probably paying the dividend that brought enough investor interest to allow for a cap raising at 40c...
After allowing for DRP issue, I think the dividend cost around $850,000?
Without the yield to attract investors, we might have been raising at 28-29cps or maybe insufficient interest to raise?
Time will tell whether there is a firm acquisition plan hiding behind this raising or whether it is an opportunistic plan to build liquidity in AMO. Would have thought new investors would be expecting to see at least some hints of further upside and there would be some pressure to be seen to be putting the cash to work.
AMO Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held
