Henderson Far East Income Limited Announces Equity Raise
Why we think this is good
The equity raise announced by Henderson Far East Income Limited is a positive development. The raise is at a relatively small discount of 0.5% to the previous closing price, indicating reasonable demand for the company's shares. The raise size is also small compared to the company's market capitalization, limiting dilution for existing shareholders. While the specific purpose of the raise is not explicitly stated, it is likely for general corporate purposes or growth capital, which are positive for the company's future prospects.
Key Points
- Issue of 100,000 ordinary shares at 202.5p per share
- Raise price represents a 0.5% discount to the previous closing price of 203.5p
- Raise size is small compared to the company's £346.92 million market capitalization
Summary
Henderson Far East Income Limited has announced the issue of 100,000 ordinary shares at a price of 202.5p per share, representing a 0.5% discount to the previous closing price of 203.5p. The raise size is relatively small compared to the company's £346.92 million market capitalization. The purpose of the raise is not explicitly stated, but it is likely for general corporate purposes or growth capital, which are positive for the company's future prospects.