.
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.
- Forums
- ASX - By Stock
- DOW
- News: Doubts over Downer capital raising success
News: Doubts over Downer capital raising success
Add DOW (ASX) to my watchlist
(20min delay)
|
|||||
Last
$5.71 |
Change
-0.050(0.87%) |
Mkt cap ! $3.626B |
Open | High | Low | Value | Volume |
$5.82 | $5.85 | $5.71 | $3.075M | 533.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 23129 | $5.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.76 | 1925 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11207 | 7.790 |
9 | 88463 | 7.780 |
14 | 155873 | 7.770 |
4 | 46490 | 7.760 |
4 | 41979 | 7.750 |
Price($) | Vol. | No. |
---|---|---|
7.810 | 15057 | 2 |
7.820 | 86140 | 8 |
7.830 | 173913 | 17 |
7.840 | 107016 | 11 |
7.850 | 23268 | 5 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
DOW (ASX) Chart |