- ISOTeam has successfully raised S$10.3m in a rights issue exercise. This has impacted share base, and all per share matrices including ISOTeam's share price and EPS, which will have to be theoretically adjusted.
- - Read this at SGinvestors.io -
Rights issue successfully completed.
- ISOTeam (SGX:5WF) has successfully raised S$10.3m via a renounceable non-underwritten 1-for-1 rights issue that was oversubscribed in August to raise cash for general working capital (70%) and repayment of banking facilities (30%).
- - Read this at SGinvestors.io -
- We had expected ISOTeam's share price and EPS to fall by half if fully subscribed, while share base doubles and net profit remains unadjusted. Our new target price at S$0.05 is effectively a result of a doubled share base.
Outlook remains positive.
- Read more at SGinvestors.io.
Alfie Yeo RHB Securities Research | https://www.rhbgroup.com/ 2023-09-29
Read also RHB's most recent report:
2024-02-08 ISOTeam - Earnings Turnaround Taking Shape; Maintain BUY.
Price targets by other brokers at ISOTeam Target Prices.
Listing of research reports at ISOTeam Analyst Reports.
Relevant links:
ISOTeam Share Price History,
ISOTeam Announcements,
ISOTeam Dividends & Corporate Actions,
ISOTeam News Articles
