capital raising

Clime Asset Management

When it comes to raising capital, one aspect that requires more attention than it generally receives is how the structure can significantly affect the outcome. We believe management should seek to minimise the dilution of existing shareholders to preserve the share price and maintain control over the share register. Raisings... Show More

Clime Asset Management

Last week’s dual announcement by Westpac (WBC) of an increase in its mortgage rates and the capital raising of $3.5 billion is still being digested by market participants. WBC’s announcement was peculiar in one specific regard. They increased their dividend, at the same time as declaring its desire to raise... Show More

Wilson Asset Management

Leisure business Skydive the Beach (ASX: SKB), which debuted on the Australian stock market this year, has come to an agreement to buy New Zealand's Skydive Queenstown operation for $15.5 million. Skydive Queenstown is New Zealand’s leading tandem skydiving company, holding approximately 33% of New Zealand's skydive market share. Skydive... Show More

Wilson Asset Management

Australia’s largest marine tourism and transport company Sealink Travel Group Ltd (ASX: SLK) has announced it will acquire Transit Systems Marine (TSM) for $125 million. This follows a $50 million capital raise which was used to fund the acquisition. SeaLink Chief Executive Jeff Ellison said the company, which had a... Show More

Clime Asset Management

ANZ’s capital raising shows how important pricing of assets is in these difficult markets. Everyone is at risk of misreading prices and values! Investors, shareholders, boards and indeed investment banks need to have a basis for assessing value because market prices are being shown to be volatile and illusory. Investors... Show More

NAB is not afraid of a stoush: it has simultaneously thrown down the gauntlet to its rival commercial banks and also the big investment banks by being the first of the big four to offer ­clients direct access to ASX Bookbuild, via its online trading arm, nabtrade. Show More

John Robertson

Some extraordinary costs are being incurred by small miners as they face unprecedentedly tough capital market conditions. In May, gold miner Blackham Resources agreed to grant 33.3 million options as well as pay 11.5% for a $6 million loan facility. Valuing the options by conventional methods implied a total cost... Show More

Storm warning: Aeeris Limited IPO closing Friday 6 March... Aeeris operates the Early Warning Network (EWN), providing a national location-based severe weather & all hazards alert service, 100 major corporate & government agency customers, Social media user base with over 200,000 subscribers ASX TICKER CODE: AERXBB TOTAL OFFER: Minimum $3.5m (14m shares), Maximum... Show More