"SWM will take a strategic investment of a 6.6% stake in Raiz via a $10 million share placement, aligning both companies’ interests to work. The investment was priced at RZI’s 10 day VWAP of $1.617.
Payment for the $10 million investment will be split between $2 million in cash and the equivalent of $8 million in advertising across Seven’s broadcast television, publishing and digital media assets, which have a combined reach of more than 18 million Australians."
I concur with the 10% of the company part, and Seven will definitely want a return on their investment, especially paying $1.16 for their shares. Oh how nice it would be to be back at these levels, which is definitely achievable.
Annual results due to hit next week also, could could be a very positive week and with JP in the US speaking on Friday could also add a nice tailwind.....if all ducks line up in a row.
Ann: Trading Halt, page-7
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Last
43.5¢ |
Change
-0.015(3.33%) |
Mkt cap ! $45.69M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 46.0¢ | 43.5¢ | $44.18K | 98.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6381 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 28796 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RZI (ASX) Chart |