.
Downer EDI (ASX:DOW) has completed the institutional component of its 279 million dollar capital raising but doubts remain over its success.
The group raised 200 million dollars from institutions in the 1-for-4 renounceable entitlement offer at $3.25 a share.
Downer says it received strong support for the raising - eligible institutional shareholders taking up 97 per cent of their stake in the pie.
However a Commonwealth Bank (ASX:CBA) analyst described it as a band-aid solution to appease credit rating firm Fitch.
Another analyst from Macquarie (ASX:MQG) questioned whether the extra equity will be enough.
Shares rallied at the close of trade yesterday.
Downer EDI made a loss of over 103 million dollars to December 31.
News: Doubts over Downer capital raising success
Add DOW (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.84 |
Change
0.055(0.95%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.81 | $5.86 | $5.80 | $487.8K | 83.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1911 | $5.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.84 | 2019 | 15 |
View Market Depth
| Last trade - 11.59am 27/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
