JDW has raised fresh equity capital (worth £93.7m; equals c.6% of the market cap) as the third national lockdown has dried up operational cash flow. The net proceeds will be used to strengthen further the company’s balance sheet, working capital and acquire any cheaply available properties. Investors have cheered this development as the stock price surged 5% on Wednesday.
20 Jan 2021
JDW issues fresh equity to stay afloat
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JDW issues fresh equity to stay afloat
J D Wetherspoon plc (JDW:LON) | 738 0 0.0% | Mkt Cap: 912.9m
- Published:
20 Jan 2021 -
Author:
Nishant Choudhary -
Pages:
3
JDW has raised fresh equity capital (worth £93.7m; equals c.6% of the market cap) as the third national lockdown has dried up operational cash flow. The net proceeds will be used to strengthen further the company’s balance sheet, working capital and acquire any cheaply available properties. Investors have cheered this development as the stock price surged 5% on Wednesday.