BWX is now raising $23 million just to keep the lights on.
announced an institutional placement and an entitlement offer for existing shareholders to raise approximately $23 million at 60¢ per share. It also slashed FY22 earnings guidance to between $12 million and $16 million.A day earlier – just for some additional drama – billionaire, making him the second-largest shareholder after Bennelong Australian Equity Partners.
For a bloke on the wrong side of 60, Forrest already has a lovely complexion, but now he’ll emanate that Sukin sheen. Factor in the RM Williams on his trotters and he’s fast becoming a walking billboard.Bennelong bought into BWX at the November 2015 IPO, so has ridden the stock from its issue price of $1.50 up to its 2018 highs near $8, then all the way back down. Bennelong’s chief investment officer– who gets his natural glow from all that jogging – even holds 0.
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