Insights

Why is the Mesoblast share price on ice today?

Mesoblast is another share placed on pause today.
The post Why is the Mesoblast share price on ice today? appeared first on The Motley Fool Australia. –

The Mesoblast Limited (ASX: MSB) share price is on pause following a company requested halt to trading of its securities.

The ASX granted the company’s request before market open today. Prior to being put on ice, the Mesoblast share price closed yesterday’s session at 93 cents apiece.

Why is the Mesoblast share price frozen?

It appears the company is gearing up to raise additional capital from equity investors.

In the release, it said it “requests a trading halt in its securities effective immediately pending an announcement…in relation to a proposed private placement.”

It is not yet understood what the capital raise is for, or what amount the company is seeking to raise from investors.

However, it intends to make the impending announcement between now and 8 August, when the trading halt will then be lifted.

Mesoblast shares have caught a bid lately and are now up more than 36% over the past month of trading, as seen in the chart below.

This gain is in line with the broad healthcare sector, which has realized similar levels of upside in the new financial year.

Despite this, the Mesoblast share price is down 54% for the last 12 months or 34% this year to date

The post Why is the Mesoblast share price on ice today? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Mesoblast Limited right now?

Before you consider Mesoblast Limited, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Mesoblast Limited wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

See The 5 Stocks
*Returns as of July 7 2022

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

Why did the Mesoblast share price rocket 54% in July?
3 ASX All Ordinaries shares leaping 10% or more today
Why JB Hi-Fi, Mesoblast, Pendal, and Woodside shares are pushing higher
Why is the Mesoblast share price jumping 14%?
How did ASX biotech shares perform in FY22?

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Rebate Rewards

Level 2 Rebate

Deposit $2,000 and get $200 Rebate
$ 200 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $2,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $200 Rebate
Popular

Level 1 Rebate

Deposit $1,000 and get $100 Rebate
$ 100 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $1,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $100 Rebate

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex Securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here To Get Started
EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here For More Info