Henderson Far East Income Limited Announces Equity Raise
Why we think this is good
The equity raise announced by Henderson Far East Income Limited appears to be a positive development. The company is issuing new shares at the current market price, which suggests strong investor appetite and confidence in the business. The raise is also relatively small in size compared to the company's market capitalization, indicating it is likely for growth capital rather than a last resort funding. There are no obvious negative factors, and the raise does not seem to indicate any significant financial distress or ongoing funding risks.
Key Points
- Henderson Far East Income Limited is issuing 450,000 new ordinary shares
- The new shares will be issued at a price of 219.0p per share, the same as the previous closing price
- The raise is a small amount relative to the company's £382.40M market capitalization
Summary
Henderson Far East Income Limited has announced the issuance of 450,000 new ordinary shares at a price of 219.0p per share, which is the same as the previous closing price. The raise is a relatively small amount compared to the company's £382.40M market capitalization, suggesting it is likely for growth capital rather than a last resort funding. The lack of any discount to the current share price is also a positive indicator, as it demonstrates strong investor appetite for the company's shares.