Funds, analysts push back on Summerset cap raise speculation
An Australian media outlet has speculated the retirement village owner will consider an equity raise, after net debt hit $1.8b earlier this year.
Summerset St Johns.
One of Summerset’s largest shareholders has downplayed speculation the company needs to raise capital to pay down debt, while an investment analyst says the suggestion is “off the mark”.
An article that appeared in The Australian’s Data Room column overnight suggested the dual-listed
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