Two different sources pointing to a capital raising. One recent and one published a few month ago. That might be what AGL is brewing?
https://www.theaustralian.com.au/business/dataroom/500m-raising-on-cards-at-agl/news-story/9fd5c9a1e3b171d4b8e91a3f6796e15c
https://www.copyright link/companies/energy/agl-may-need-to-raise-equity-as-demerger-doubts-mount-20210521-p57u2m
“Now, I am sure that their adviser is absolutely chomping at the bit to raise equity for them, and if you raise at a big enough discount with a placement, maybe you can get the institutional shareholders that are so notable by their absence on their register back, but as always I struggle to see how these things aren’t mutually exclusive with a valuation anywhere close to the current share price,” Mr Samter continued.
Mr Samter offered to make a half-page apology in The Australian Financial Review if he was proved wrong and in 12 months’ time AGL had demerged without raising equity and with a pair of businesses that had a higher equity value than the current market cap of $5.2 billion.
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