What an un-usual trading halt. Took the rest of week off till Monday...
Printable View
What an un-usual trading halt. Took the rest of week off till Monday...
so is capital raising usually a good thing or a bad thing or depends?
What's happened to the SP when Rod raised money in the past? What's happened after the capital raising?
If someone can give us a history lesson that would be great :)
i wonder if there's a chance the details of this might slip out via one way or another - hence the long lead time to Monday? in turn does that indicate something larger afoot than a simple private capital raising?
@apac - in Xero's case, it's a very good thing.
just looking at 30/11/2012 11:40 announcement and historical share price
Xero raises NZ$60m from US investors
So if it's good news, it looks like there will be lots of buying, followed by lots of selling the next day, then back up again
6 Dec 2012 7.19 7.60 7.12 7.60 139,700 7.60 5 Dec 2012 6.98 7.20 6.91 7.20 112,000 7.20 4 Dec 2012 7.65 7.65 7.00 7.00 171,800 7.00 3 Dec 2012 6.95 7.75 6.95 7.70 199,500 7.70 30 Nov 2012 6.45 6.89 6.44 6.88 79,500 6.88
A raising that shareholders can participate in would be nice...previous CRs have been private
@apac - it's positive long term but your holding is diluted. Short term, the price might dip to the placement price but that hasn't been the case with xro in the past.
The positive for me, if for nothing else, is that a capital raise right now is a clear sign of aggression for the US market.
I’m amazed how many people are watching this space “full time”!!! Any news will be well-discussed here within few minutes!!! Is’t due to smart-phones is so popular nowadays?