Cash Box

Alkane Placing – What a Wheeze!

Today (17/7/2014) Alkane Energy announced a placing to raise £8m to fund the acquisition of three power response companies. The placing was at 36p, when the closing price the previous day was 39.5p indicating a discount of 9%. But as with all such placings, the news had got around the market beforehand, so it's more like a 15% discount to the share price before the news spread. So what you may ask? It's just another placing that prejudices private shareholders who were ...
Skip to toolbar