Looking at the ASX this morning I can see 8 separate capital raisings taking place almost all in the small end of town. Whilst most of these raisings are going through for modest amounts and at substantial discounts I think the fact that there is some risk capital starting to emerge is a positive sign for the market. I expect to see more of this activity in the coming months before things go quiet over Christmas.
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.