Australia's largest stock trading and investment forum Australia's #1 stock forum

LON

Click for more information

0.00%

13.0¢ longtable group limited

Ann: Maggie Beer Acquisition and Capital Raising Presentation, page-27

First 27 Last

Share
Profile

Follow
Bearwolf

178 Posts.

24

04/03/19

15:12

Post #: 37645687
Share

Originally posted by fuister ↑

Below extract from AFR....baby formula?? Is that true?

“It is spending $10 million on the purchase, which includes $8.5 million cash, $0.5 million convertible note, and $1 million in Longtable Group shares to Maggie Beer at 20 cents per share and escrowed for 24 months. Ms Beer will also join Longtable's board and committed to a two-year brand ambassadorship. To raise the money Longtable will do a $2.18 million institutional placement and a rights issue on a 1 to 1.95 basis to existing shareholders at 20 cents per share. The money will also go towards expanding Saint David's Dairy and developing a baby formula product. ”

Expand

Yep. It's been on the agenda for some time and reaffirmed in today's announcement.

LON Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

HotCopper Highlights: Your most watched stocks for Week 48, 2024

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

There are more pages in this discussion • 69 more messages in this thread...

First 27 Last

Add LON (ASX) to my watchlist