Analysis: Bargain Hunters Are Raising a Glass to Current Cash Call Frenzy
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Summary
WHEN the government was forced to bail out Britain's banking sector last October, as investors refused to pump cash into Royal Bank of Scotland and Lloyds, there was little sign that just a few months later a host of listed companies would be falling over each other to tap the markets for cash.
But, in recent months, there has been a near frenzy of rights issues and share placements, as investors take advantage of discounted shares and public companies take advantage of investor hunger for bargains.See the full content of this document
Extract
Analysis: Bargain Hunters Are Raising a Glass to Current Cash Call Frenzy
Yesterday saw two firms successfully tapping investors for GBP 600 million, as engineering firm GKN and pubs group Marston's received overwhelming backing for their rights issues.
Their succe...See the full content of this document
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