SomnoMed SPP

SomnoMed has announced a small $7.0m capital raising to fund the expansion of its manufacturing facility. The retail component of the share purchase plan closes on 15 Aug 14 and entitles existing shareholders to subscribe for up to $15,000 worth of shares at $1.50 each, 10% below the current market price. The offer price is below our Buy price of $1.60 and we recommend members subscribe if they wish to increase their position. Our current recommended portfolio limit for SomnoMed is 2% and the stock is up 3% since Your small-cap healthcare portfolio from 8 Jul 14 (Hold –...

SomnoMed has announced a small $7.0m capital raising to fund the expansion of its manufacturing facility. The retail component of the share purchase plan closes on 15 Aug 14 and entitles existing shareholders to subscribe for up to $15,000 worth of shares at $1.50 each, 10% below the current market price. The offer price is below our Buy price of $1.60 and we recommend members subscribe if they wish to increase their position. Our current recommended portfolio limit for SomnoMed is 2% and the stock is up 3% since Your small-cap healthcare portfolio from 8 Jul 14 (Hold – $1.62). HOLD.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles