L1 Group Ltd (L1G)
Hi Team I have a small holding in L1G as a result of owning Platinum, they have a SSP at the moment. Do you have any thoughts you could share Thanks Phil
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Answer
Hi Philip,
L1G is a $2.7bn alternative asset manager formed through a merger of L1 Capital and Platinum Asset Management, combining capabilities in global equities, long/short strategies, alternatives and real assets. We rate L1’s investment team very highly – they have a great track record.
Last month the company announced the successful $286mn institutional placement at 95c to seed new funds i.e. raising for growth purposes – the stock popped up towards $1.20. The companies looking to raise an additional $25mn via the SPP at the same 95c which looks great value with the stock trading over 12% higher at $1.065.
- LIG looks strong after the recent raise and a break to new 2025 highs wouldn’t surprise.
