Placing25 Jul 2024 14:36
As sure as night follows day, a placing follows a sudden change in broker.
My take on the placing:
- Zeus have been offloading for a while so maybe some of the placing forward sold.
- Quite a large dilution, I appreciate some of it is for an acquisition but there will inevitably be a large overhang to clear.
- Interested to see who took part in the raise, would like to see more II come on board, would give more confidence to
PIs
- Slightly disingenuous for the board to say that the acquisition is funded part in cash from working capital and then raise
more working capital (We are not stupid)
- I would hope this is the last dilutive funding required, CY and Ch obviously have a plan and the additional funds should
hopefully lead to greater and quicker expansion.
Thanks also to Mucks for the invaluable research.