BREAKFAST DEALS: Strong Linc

Linc Energy's capital raising couldn't have come at a better time, while there's contention over Rod Sims' claim Qantas exaggerated its international woes.

It’s hard not to notice how hard Linc Energy’s share price has surged recently and how launching a convertible note at $3.50 would have seemed a mere pipe dream in November. The Qantas-Emirates deal has been waived through, as expected – although there was one little surprise for onlookers. Meanwhile, a senior business columnist has solemn news for investment bankers betting on an M&A revival, GrainCorp’s share price is sitting well below Archer Daniels Midland’s offer price and Hills Industries is the latest to join the building materials exodus.

Linc Energy

Underground coal gasification company Linc Energy has timed its capital raising pretty well.

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