What are the chances of an upcoming rights issue to raise more capital to get through the current crisis?
There was only $165m share cap left in the company at the current price and they only had $57.9m in cash in December 2019 HY20 Financial Report.
<https://newswire.iguana2.com/af5f4d73c1a54a33/alg.asx/2A1207852/ALG_Appendix_4D_and_HY20_Financial_Report>.
I say this as the COVID related announcements neglected to address whether there is adequate capital to ride out the crisis.
Instead, Bronwyn Weir stated they had ' implemented a number of measures to conserve capital' and that they had terminated loan facilities which could only be drawn on to fund capital growth. <https://newswire.iguana2.com/af5f4d73c1a54a33/alg.asx/2A1223116/ALG_Update_on_Main_Event_Entertainment>
Any thoughts on this anyone?
News: ALG Ardent Leisure Group Updates On Impact Of Covid-19 On Its Theme Parks Division, page-74
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Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $222.6M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 48.5¢ | $120.5K | 246.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1117 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 25034 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
48.5¢ |
Change
0.005 ( 1.06 %) |
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| Open | High | Low | Volume | ||
| 49.0¢ | 50.0¢ | 48.5¢ | 31348 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CEH (ASX) Chart |