It appears the company is gearing up to raise additional capital from equity investors. In the release, it said it “requests a trading halt in its securities effective immediately pending an announcement…in relation to a proposed private placement.” It is not yet understood what the capital raise is for, or what amount the company is seeking to raise from investors. However, it intends to make the impending announcement between now and 8 August, when the trading halt will then be lifted. Mesoblast shares have caught a bid lately and are now up more than 36% over the past month of trading, as seen in the chart below. This gain is in line with the broad healthcare sector, which has realized similar levels of upside in the new financial year.
Ann: Trading Halt, page-116
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Last
99.0¢ |
Change
-0.035(3.41%) |
Mkt cap ! $1.130B | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.04 | 96.5¢ | $8.837M | 8.885M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 59782 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 26617 | 2 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| MSB (ASX) Chart |