AFJ affinity education group limited

capital raising - trading halt

  1. 533 Posts.
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    Just pulling the key words out of the ANN,
    "potential material acquisition and capital raising".


    1. Along with others, a tad disappointed to see the capital raising at $1.34 -

    however
    2. I am very excited by the prospect of the new acquisition and the robust strategy of the company moving forward.

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    If AFJ had $12 million left in their facility to acquire centres, then this acquisition must be quite substantial and will certainly help with market share / efficiencies.
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    3. In my mind I decided that I'm going to back AFJ 100%, and have pre-decided to participate in any CRs as a way of increasing my holding in the company. So, although I'd have welcomed a higher s/p at the time of a CR, I still fully intend to get on the CR bandwagon - but hopeful that the CR will be more than at least $1.25 to avoid too many shares being on issue.
 
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