RE: Good news, loan repayment delayed.6 Dec 2022 22:48
The Placing is for less than 10% of the total shares and the SP has fallen by 34% even though the company’s financial situation will be strengthened. V strange.
Surely acquisitions are a priority during a recession? Do Marlowe wish to pay off debt rather than take advantage of arising opportunities? If they go for a placing, they can do both.
Thanks GB. My shares are down 17% and I didn’t get a slice of the action. I will be out at the first opportunity but it will be a while because I’ve been shafted.