TFC
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7.42% $1.31 tfs corporation limited

This AFR report has more info:...

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    105 Posts.
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    31/03/16
    11:45
    Post #: 17390210
    This AFR report has more info:

    http://www.copyright link/street-talk/tfs-corps-turn-to-launch-cash-call-20160330-gnuorx

    According to terms sent to fund managers on Thursday morning, Canaccord and Moelis were seeking to place 68.7 million shares at $1.55 each.
    The offer was priced at an 8 per cent discount to the last close and a 9.6 per cent discount to the 15-day volume weighted average price.

    Funds raised were to increase direct ownership of plantations ($52.7 million) and general working capital.
    The brokers were seeking bids by 3pm on Thursday.

    ​
    TFC Price at posting: $1.69 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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