EBR 7.69% $1.05 ebr systems inc.

Thanks Longreach. As you noted, the CR (presumably) attracted JP...

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    Thanks Longreach. As you noted, the CR (presumably) attracted JP Morgan (Aus), and a local fund manager Argo. That would represent about 60% (roughly) of the $30 m CR in total ( not counting the $5 m offered to retail). The rest of the take up seems to be from institutions outside the top 20.

    Your assessment of the situation is correct: the top 20 are rock solid behind EBR’s long term goal, judging by their overall reluctance to sell. If EBR is being groomed for a takeover, retail probably won’t have any influence - probably a good thing!
 
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