Bell Potter Securities Limited (‘Bell Potter’) is Lead Manager and bookrunner to the Offer.
Australian broker.
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Bell Potter Securities Limited (‘Bell Potter’) is Lead Manager and bookrunner to the Offer.
Australian broker.
Most probably to our advantage seeing more Australians on IKE's share register.
Sort of stock they fall in love with, and run up the share price...lol.
Just remember you can apply for more than your entitlement.ie 100%more ,so if your entitlement is for 500 shares you can apply for an extra 500,taking it up to 1,000 shares at 68 cents.Off course if you do not get the extra 500, you have that money refunded.
Well worth considering,as I see the funds being used to support growth, rather than just to stay in business.
I do not have a big holding,yet I will be taking up my rights and applying for my full amount of extras.
"Outside the benchmark, utility measurement firm ikeGPS said it will raise almost $20 million of new equity after winning one of the largest communications infrastructure companies in the United States as a customer. Its shares were halted at 77 cents."
"Relating to the announcement, IKE CEO Glenn Milnes, commented.
+ We are pleased to be working with this tier-1 infrastructure group. Our objective is to get them
to market faster, be it fiber or 5G construction. For this particular customer, the IKE platform
has proven to more than double their pre-construction speeds for network deployments. "
The momentum keeps building.
I wasn't expecting this cap raise, however it is a smart move IMHO, particularly given the Covid circumstances in the USA and need to strengthen and execute within that market........I'll be participating.
The momentum is building.... the cunning plan is coming to fruition...... we are well positioned.
Wonder Bell Potter being the lead manager for the cap raise is sign of things to come that more companies will be flocking across the ditch along likes of Plexure.
Documentation says NZ registered addresses only, or at company's discretion.