市场见解

Seven Group (ASX:SVW) share price eases on capital raising efforts

The Seven Group share price is in reverse today after the company completed its share purchase plan.
The post Seven Group (ASX:SVW) share price eases on capital raising efforts appeared first on The Motley Fool Australia. –

The Seven Group Holdings Ltd (ASX: SVW) share price is tracking in the red today. This comes after the company announced an update to its share purchase plan (SPP).

During late afternoon trade, the diversified investment company’s shares are being exchanged for $19.90 apiece, down 1.31%.

Let’s take a closer look at Seven Group’s latest news.

What did Seven Group announce?

Investors are pushing the Seven Group share price lower, most likely as a result of the impending share dilution.

According to its release, Seven Group advised it has successfully completed its SPP, raising around $33.14 million. This will result in more than 1.68 million new ordinary shares being issued to participating shareholders.

The price listed is $19.73 per share, which reflects a marginal discount of less than 1% on the Seven Group share price’s current level. However, Seven Group noted from the time of the offer, the SPP is a 2.5% markdown on the volume-weighted average price (VWAP) for the 5 days ending 17 May.

In total, the company received 2,164 valid submissions from shareholders, representing an average amount of $15,314 per application.

The SPP follows a recent $500 million underwritten institutional placement that Seven Group launched last month. With the latest SPP included, the company has raised a total of $533.14 million.

Funds will be used to reduce the outstanding net debt, while restoring strength in its balance sheet to pursue opportunities.

Settlement of the newly created shares is expected to occur on 25 May, with commencement of trading the day after.

Seven Group share price summary

It’s been an interesting year for Seven Group shares, with the Seven Group share price having performed strongly during late 2020. In the past 12 months, the company’s share price has increased close to 30%, however, its year-to-date performance is down 15%.

On valuation grounds, Seven Group commands a market capitalisation of roughly $7.2 billion, with approximately 361 million shares outstanding.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of February 15th 2021

More reading

ASX 200 sinks, Boral rises, A2 Milk drops again

ASX 200 down 0.9%: Boral rejects takeover offer, Afterpay & PointsBet sink

Boral (ASX:BLD) share price in focus as it rejects Seven Group (ASX:SVW) takeover bid
5 things to watch on the ASX 200 on Tuesday

The post Seven Group (ASX:SVW) share price eases on capital raising efforts appeared first on The Motley Fool Australia.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

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 indefinitely, 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.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!