Fund manager sources told Street Talk Barrenjoey’s bankers were crossing investors for a MoneyMe deal on Monday night, testing appetite for a potentially painful $20 million equity raising.
Fundies, including the smart money at Ellerston, were sounded on a MoneyMe equity raise on Monday night.The marketing included last month’s 58-page “investor showcase presentation”, which couldn’t stop the company’s shares from falling. The stock’s dropped 67.5 per cent this year, and nearly 20 per cent in the past five trading days.
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