FKP Property has announced plans to raise $232 million via an entitlement offer

James Marlay

FKP Property has announced plans to raise $232 million via an entitlement offer. The offer is priced at a 36% discount to the last trading price and a 52% discount to NTA. The Company said funds will be used to pay down debt and to assist in executing The Company's strategy of being a pure retirement developer, manager and owner. In an exclusive interview with Livewire, Mark Tobin (Equity Analyst) @wilsonam, said he thought the market had overlooked FKP in favour of other less complex stories and that the stock was a little unloved. If FKP is able to kick some early goals then the share price could start to slowly or even rapidly re rate. Click through to watch the full interview &list=TLZP898WsGc67io1tpaQ2f2z6-Tq5MiAiE


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