Looks like cap raise coming.
Per an AFR article an hour or so ago, company is seeking to raise $350 Mil @ $0.92 a share.
The company did say it was looking to raise money through a debt and equity combo.. so I suppose it’s no big surprise here.
I’m a recent investor, so would like to get the others thoughts on the deal and in particular the slated price (if in fact it does end up been $0.92)
Curious to see what the share price reaction will be..from memory the market reacted quite positively to their last raise and the price was up when it came out of a trading halt after announcing the raise.
Almost a 12% discount to today’s close though (again, if it comes to pass).
Thoughts?
Cheers
Looks like cap raise coming.Per an AFR article an hour or so...
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82.5¢ |
Change
-0.030(3.51%) |
Mkt cap ! $3.535B | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 85.5¢ | 81.5¢ | $51.68M | 62.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1989834 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 821633 | 9 |
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