Instem has successfully raised £5.0m in an over-subscribed placing with new and existing investors at 200p. This will provide additional firepower to accelerate its consolidation strategy of what remains a fragmented industry, supplementing its already attractive organic growth prospects. We see the potential for material earnings enhancement as the proceeds are deployed.
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Fundraising to accelerate consolidation strategy
- Published:
03 Feb 2016 -
Author:
Chris Glasper -
Pages:
7
Instem has successfully raised £5.0m in an over-subscribed placing with new and existing investors at 200p. This will provide additional firepower to accelerate its consolidation strategy of what remains a fragmented industry, supplementing its already attractive organic growth prospects. We see the potential for material earnings enhancement as the proceeds are deployed.