Ann: Underwritten Equity Raising of A$23.6 millio, page-7

re: Ann: Underwritten Equity Raising of A$23....
After reading the Equity Raising announcement, I have found that one implication of this dilution will be reduced distribution from 22.5c a share to 20c a share.

That equates to yield of 13.15% this calendar year assuming the investor already received recent distribution of 22.5c a share.

Future annual yield asuming 2 distributions of 20c each would be aprox 12.38% at current share price of $3.23.

Judging from past performance, the buyers of this share demand higher yield given the potential capital losses in the share value from faling NTA.

So unless the recent seldown of AJA was in anticipation of the capital raising, we can expect further falls in SP.
in my opinion.