COA coates hire limited

coa is going to do a 1 for 6 rights issue priced at $4.50to...

  1. aramalap2
    4,263 Posts.
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    22/08/05
    13:03
    Post #: 1091765
    coa is going to do a 1 for 6 rights issue priced at $4.50
    to assist with payment of their recent acquisitions

    gearing currently stands at 'about' 61% but will most likely come down as debt is repaid and so too the share price which in my humble considered opinion is still over priced and which might explain in part why mr dale elphinstone sold 1m shares recently?
    COA Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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