NOR norwood systems limited
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Ann: Capital Raising, page-7

  1. ML173
    6,908 Posts.
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    14/03/18
    10:49
    Post #: 31739581
    The Placement and SPP issue price of 1.25 cents per Share represents a discount of 16.7% to the last price of 1.5 cents per Share and a 23.3% discount to the 30-day VWAP of 1.63 cents per Share. Somers & Partners Pty Ltd (Somers) acted as Lead Manager to the Placement and underwriter of the SPP.


    Well, 0.05c more than I expected!
    If no positive news to feed the market post SPP, the SP could drift sub 1c based on April 2017 CR of 1.6c when it hit 1c post CR.

    Nothing surprise to discuss here. Gluck
    NOR Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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