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03-06-2020, 10:57 AM
#1061
Member
Announcement marked price sensitive and regarding an extension of their loan facility - is this a way of a company technically fulfilling their duty giving a warning to investors without sounding overly dramatic?
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03-06-2020, 11:09 AM
#1062
Member
Just got credit facility upgraded to $2.5 million from $2 mill at the BNZ. So not substantial and nice to see that they are not needing to go back to the junk bond markets so big savings there.
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03-06-2020, 11:41 AM
#1063
Member
Wow I am just going to stop paying any attention to market depth, it is very misleading.
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24-06-2020, 08:21 PM
#1064
Member
Anyone planning to tune into the AGM tomorrow?
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24-06-2020, 08:34 PM
#1065
Originally Posted by Paradox
Anyone planning to tune into the AGM tomorrow?
Yea, why you asking?
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24-06-2020, 08:58 PM
#1066
Originally Posted by Paradox
Anyone planning to tune into the AGM tomorrow?
Sure thing. I'm bringing cookies.
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24-06-2020, 09:47 PM
#1067
Member
Virtual cookies of course
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24-06-2020, 10:49 PM
#1068
Originally Posted by Paradox
Virtual cookies of course
Not the ones I'll be eating
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24-06-2020, 11:09 PM
#1069
Member
Apart from the Covid resiliency measures, key question in the AGM is bound to be around capital raising?
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25-06-2020, 01:11 PM
#1070
Originally Posted by Paradox
Apart from the Covid resiliency measures, key question in the AGM is bound to be around capital raising?
Question answered......see here.
Covid-19 an issue going forward, but still forecasting a profit......
Wellington’s Q1 result was an improvement on last year as the company successfully managed through the initial supply chain challenges caused by COVID-19. During Q2, the company has experienced much weaker sales estimated at around $5m for the 3 months ended 30 June 2020, compared to $17m for the same period in 2019. Nevertheless, Wellington expects to report an EBITDA profit of around $1m for the 6 months ended 30 June 2020, compared to $2.4m for the comparable period in 2019.
The key features of the Offer include:
• Raise approximately $5.4m through a 1:3 pro-rata renounceable rights issue at 5 cents per new share
• Rights will not be quoted or tradeable on the NZX. However, Eligible Shareholders are entitled to seek buyers for their rights off-market prior to the closing date of 16 July 2020
• The Offer closes on 16 July 2020 with the new shares issued by 22 July 2020
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