Business
Helloworld bites $50m bullet as crisis deepens – The Australian Financial Review
The raising comes despite the Melbourne-based travel outfit two months ago downplaying the need to raise funds.
RBC Capital Markets analyst Tim Piper said the raising for Helloworld was not surprising given the companys limited headroom in debt facilities, working-capital position and continued uncertainty around the recovery outlook.
While the fundraising would remove an overhang on Helloworlds stock, swings in sentiment and news flow around COVID and a potential vaccine will remain the key driver of share price moves in the ASX travel names in the months ahead, Mr Piper said.
The raising is made up of…
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