BWX Limited

ASX:BWX
Deleted on 2024-05-02 00:30:05

BWX Limited

ASX:BWX
Deleted on 2024-05-02 00:30:05
$0.200 (+2.6%)
Last close price
--
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0
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10
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Ipsum
Company Report
Last edited 3 years ago
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ranked
#180
Performance (50m)
-17.2% pa
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8
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#ASX Announcements
stale
Ipsum
Last edited 3 years ago
View author's company report

BWX are raising $23.2m through a wholesale placement, plus an entitlement offer.

> Offer price of A$0.60 per New Share (“Offer Price”), representing a 48.7% discount to last closing price of A$1.17 per BWX share as at 23 June 2022, the last trading day before BWX entered a trading halt.

That's a significant discount. I'm guessing they looked at sales projections and hit the panic button.