Thruvision Group Raises £250,000 Through Discounted Retail Offer
Why we think this is bad
The significantly discounted 29% raise is a very negative sign, indicating low appetite for the company's shares and potentially a last resort funding measure. This suggests the market is not confident in Thruvision Group's prospects.
Key Points
- Thruvision Group plc is raising up to £250,000 through a retail offer
- The offer price of 1p per share represents a 29% discount to the previous closing price
- The raise is part of a broader capital raising exercise, including a £2.125 million placing and a £375,340 subscription by directors and employees
- The purpose of the raise is not clearly specified
Summary
Thruvision Group plc is raising up to £250,000 through a retail offer at a price of 1p per share, representing a 29% discount to the previous closing price of 1.399999976158142p. This raise is part of a broader capital raising exercise, including a £2.125 million placing and a £375,340 subscription by directors and employees. The purpose of the raise is not clearly specified, making it difficult to assess the strategic rationale. As a micro-cap company, the large discount to the previous share price is particularly concerning and could indicate deeper underlying issues.