Henderson Far East Income Limited Announces Equity Raise
Why we think this is good
The equity raise by Henderson Far East Income Limited appears to be a positive development. The raise is at a small 0.11% discount to the previous closing price, suggesting good investor appetite for the company's shares. The raise size is also relatively small compared to the company's market capitalization, indicating it is not a last resort funding. While the specific purpose of the raise is not stated, it is likely for growth or general corporate purposes, which could be positive for the company's future prospects. Overall, the details of the equity raise do not raise any significant concerns.
Key Points
- Henderson Far East Income Limited to issue 100,000 ordinary shares
- Raise price of 218.0p per share, a 0.11% discount to previous close
- Raise size is small relative to the company's market capitalization
Summary
Henderson Far East Income Limited has announced the issue of 100,000 ordinary shares at a price of 218.0p per share, representing a 0.11% discount to the previous closing price of 218.23980712890625p. The raise size is relatively small compared to the company's market capitalization of 381.07M. The purpose of the raise is not explicitly stated, but it is likely for general corporate purposes or growth capital. The potential dilution for existing shareholders is minimal given the small raise size.