Investment Opps

Argo Investments Limited (ASX: ARG) has announced its intention to create a new ASX listed investment company, Argo Global Listed Infrastructure Limited (AGLI), with the portfolio actively managed by Cohen & Steers, Inc.

Macquarie Group Limited announced today an institutional placement to raise $500m to fund the acquisition of the AWAS aircraft operating lease portfolio. The Placement will be conducted via bookbuild to institutional and professional investors. A share purchase plan (SPP) will be offered to eligible shareholders for up to $10,000 AUD per eligible shareholder, with the record date 3rd March 2015. The SPP will be priced at the lower of the issue price paid in the Placement ($73.50 per share), and a 1% discount to the 5 day VWAP immediately prior to the closing date.

National Australia Bank Ltd has announced today as part of their Half Year Results a $5.5b Shareholder rights issue 2 for 25 at $28.50 per share, which equates to a 16.7% discount to the dividend adjusted last trading price. The funds will provide an increased CET1 ratio above the target range ahead of anticipated regulatory changes, and facilitate the proposed demerger and IPO of Listco in CY15.  

MYOB Group Limited (MYOB) has announced an initial public offering (IPO or Offer) and listing on the ASX for its fully paid ordinary shares. The offering to retail and institutional investors is expected to raise total proceeds of A$831.7 to A$833.8 million, with an indicative price range of A$3.00 – A$4.00 per Share. This would value the company at a total enterprise value of A$2.34 to A$2.69 billion.

Rewardle Holdings’ (RXH) has announced a placement to sophisticated and institutional investors. A digital customer engagement platform for small to medium enterprises, Rewardle replaces the traditional paper stamp or punch card systems with a digital membership, points and rewards platform. Pattersons is looking to place $3m at a 14% discount, at 33 cents per share. Find out more