Yes that is right. These are entitlement rights already given to you regardless of future events as long as you were a holder on the recording date at 10th May 2019. You should have received an offer document to confirm that.
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Would be positive for Evolve's Aus outlook
'Labor has promised nearly $10 Billion over 10years to boost early childhood educators wages by 20 per cent starting from 2020'
https://www.abc.net.au/news/2019-05-...ction=business
Strange pricing nz vs across in oz. Nz closed down at nz10.5 on modest volume of 1.8m shares. At just after 3pm oz time they were up 1c at aud12.0 on 3.3m shares of volume. 700k of buyers listed at aud11.0c. A late nz placement at 11.5 may be reported as the nz close. If the oz price holds this could help the nz open tomorrow.
Now that labour is out of the picture... wonder how the share price will move? G8 was also up quite a bit for the past two weeks in anticipation of a labour victory and next week this stock will be tested too... but the coalition has promised subsidies for childcare but that’s way below what labour promised...
https://www.liberal.org.au/our-plan-quality-education
Share price and demand holding up really well, price at 13.9 cents
I've never seen this sort of share price strength while a company is raising money. Close of 14.8c. Add back 4.4 entitlements per share with a theoretical value of 6.8c or 29.9c and the close was really about 44.7c or nearly double the share price before the capital raising.
It seems likely that the market was pricing in the risk of a receivership. However, with a fully underwritten placement, that is no longer a concern.
Financial distress also has a cost to a business, even a business that does not fail. There are typically additional reporting requirements placed on the company by its bank. The company is also less able to pursue investment opportunities.
Disc - hold, fully participating in placement, but reduced shareholding today
I think it will soon back up to 17c. As that is the average cost of the biggest shareholder from Australia
Gee - I'd love that!
It is the uncertainty of solvency that push the sp lower to 20c. Now all solved and plus extra Aussie growth story plus that two credible director be the biggest shareholder. I think there is value to be discovered that two Aussie is not dumping money here. They must have a good plan ahead