Know your rights (offer)
As Mr Price and Stor-Age raise cash from keen buyers, the FM rounds up a few other names that might need more lolly
28 May 2020 - 05:00
It should not surprise investors if the Covid-19 chokehold on local business activity triggers a spate of rights issues from companies trying to shore up their balance sheets against the effects of a prolonged pandemic.
Interestingly, two capital-raising initiatives announced last week were by companies operating from positions of relative strength: fashion and homeware retailer Mr Price and niche property group Stor-Age...
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