KZL 0.00% 12.0¢ kagara ltd

Ann: Kagara Completes A$25 M Capital Raising , page-6

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  1. 2,083 Posts.
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    Dilution wise the raising is annoying, but having just topped up at $0.30 I am feeling fine.

    Really the dilution was not that large, about 11% more shares were added at a discount of ~10% to the 30 days average price. It's like 1.1% dilution (shares added * discount = dilution) of the recent market price while the SP has fallen 12%. 1.1% dilution compared to a 12% SP discount...BUY. Or people can continue to sell and give me a larger discount.

    If the raising was for retail holders I would probably have contributed at $0.31, so $0.30 is a great deal for me.
 
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