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$1.31 volpara health technologies limited

Fair bit of discount to current price. Bit unfair. What do you...

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Inferno31

3,251 Posts.

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18/11/16

14:36

Post #: 20721518
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Originally posted by Inferno31 ↑

Volpara Health Technologies is in the market for a $10 million equity injection.

The company's shares went into a trading halt on Friday morning as its broker Morgans contacted potential buyers.

Brokers was seeking investors for a $7 million placement at 60¢ a share, which would be followed by a one-for-20 rights issue to raise another $3 million.

The offer was priced at a 28.1 per cent discount to the last close.

Funds raised were to accelerate business development and sales, according to terms sent to potential backers.

Volpara is a New Zealand-based company that develops products to improve clinical decision making for the early detection of breast cancer.

The company had a $103 million market capitalisation prior to the equity raising and only listed in April 2016.

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Fair bit of discount to current price. Bit unfair. What do you guys reckon?

VHT Price at posting: 83.5¢ Sentiment: Buy Disclosure: Held
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