Is this capital raising about 'riding out the storm' or for other strategic reasons? Earnings have taken a hit but it reads to me that the company is looking to prevent growth from stalling for too long which I would be in full support of.
From presentation:
"Sizing (of 150m) sufficient to secure investment opportunity to return to pre covid earnings trajectory in the medium term* based on downside scenario's incorporating a medium term recovery"
The capital raising is definitely not 100% defensive in "maximising flexbility to respond to market conditions including one-off opportunities to acquire competitors' books"
I am st reading this as a good thing though the risks are more prevalent than ever but I am optimistically biased when it comes to CCP,
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Is this capital raising about 'riding out the storm' or for...
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Last
$15.09 |
Change
-0.060(0.40%) |
Mkt cap ! $1.027B |
Open | High | Low | Value | Volume |
$15.21 | $15.23 | $14.98 | $1.641M | 108.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 73 | $14.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.50 | 1974 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 73 | 14.900 |
1 | 2000 | 14.800 |
1 | 700 | 14.510 |
3 | 1369 | 14.500 |
1 | 1389 | 14.400 |
Price($) | Vol. | No. |
---|---|---|
15.500 | 1974 | 2 |
15.600 | 67 | 1 |
15.620 | 320 | 1 |
15.630 | 29 | 1 |
15.660 | 116 | 1 |
Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
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