Abacus under review

Abacus Property Group has announced a security purchase plan allowing eligible shareholders to purchase additional shares at $2.26 up to a maximum of $15,000. The company raised $75m from institutional investors in November. You’ve got plenty of time to act as the offer doesn’t close until 11 April, but we’re going to take a fresh look at this long standing recommendation and publish our thoughts in a fortnight. The share price is flat since Abacus raises capital from 13 Nov 13 (Buy – $2.28) and we’re switching to UNDER REVIEW.

Abacus Property Group has announced a security purchase plan allowing eligible shareholders to purchase additional shares at $2.26 up to a maximum of $15,000. The company raised $75m from institutional investors in November. You’ve got plenty of time to act as the offer doesn’t close until 11 April, but we’re going to take a fresh look at this long standing recommendation and publish our thoughts in a fortnight. The share price is flat since Abacus raises capital from 13 Nov 13 (Buy – $2.28) and we’re switching to UNDER REVIEW.

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