hmm - old news. The announcement you link to is dated 28 April (i.e. 8 weeks old) and does not seem to add anything over the recent Full year report.
Did you get the wrong link or did you just catch up with reading historic announcements?
I did think the AGM was more a steady the ship and tread water, with trucks parked up and not being able to press the flesh to get sales, so sold a small parcel thinking nothing to see here for 6 months... ooops, got that wrong. Still got a significant holding though, so happy, would have been happier if I hadn’t have sold.
So they are going to list on the ASX, hmmm, I got the distinct impression at the AGM that this plan was possible but not being considered in the short term.
I have access to a very detailed and comprehensive broker report on EROAD. Quite positive on the future outlook. Please DM if you would like a copy to read.
'Street Talk reporting EROAD is preparing to put a NZ$25m proposed share placement to Australian funds, which would coincide with the ASX listing and a potential selldown from existing Kiwi investors to try to boost liquidity. The company is also understood to be raising another NZ$5m via a share purchase plan to support its "growth aspirations". '
Trading on the ASX commences 12th October. Details of SPP...
The placement is being conducted at an offer price of NZ$3.90 per share (AU$3.59 per share),representing a 10.3% discount to the last close price on the NZX on 14 September 2020 of NZ$4.35;and 9.0% discount to the ten-day volume weighted average price on the NZX of NZ$4.29.
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Originally Posted by King1212
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