Wisr (WZR) has spent the first part of the week in a trading halt as it looks to get a $50m institutional placement away. It’s a decent size raise for them (18.2% of shares currently on issue) at a bigger discount (25c represents a 21.9% discount to Friday’s close) – we will touch more on this one in the afternoon report (as it recommences trading today) however holders like Market Matters will be offered stock in a Share Purchase Plan (SPP). There will likely be some selling around early on and a move back towards the placement price of 25c would be another good entry point.
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Gerrish: The correction is done, we’re positioning for what comes next
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Friday 9th May – Dow up +254pts, SPI up +3pts
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Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March
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Friday 9th May – Dow up +254pts, SPI up +3pts
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