http://www.theaustralian.com.au/busi...50543c2c85008a
Affinity Equity Partners lowers Tegel Foods IPO valuation
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http://www.theaustralian.com.au/busi...50543c2c85008a
Affinity Equity Partners lowers Tegel Foods IPO valuation
Thank you Winner for your response.
http://m.nzherald.co.nz/business/new...ectid=11615455
According to the above link,
More than $130 million of the cash raised will be used to repay bank debt, while up to $163 million will repay shareholder debt. The remaining $22.5 million to $25.3 million will cover IPO costs, including an $8 million bonus for senior management.Following the IPO, the company's net debt will reduce to $119.5 million.
Do they use imported maize as well? Can they get entire requirements of maize locally? Why are they making use of IPO funds to pay bonus?
Almost all feed raw materials are imported. They hedge the prices but have exposure here
I was sick this week and didn't get organised to ask my broker for an allocation. I'm wondering whether to try to apply on the open pool. Anyone else doing that? Or am I misreading it. Is there an open pool? It looks like it but I'm unclear on whether I still have a chance to get shares???
I'm reading it again and it looks like I don't have a chance to apply now. Rats
not interested in this one. maybe I'm just chicken? :t_up: