Bailador Technology Investments Limited (ASX: BTI) announced that portfolio company SiteMinder has signed a definitive agreement to undertake an equity raising from new institutional investors.
As per Baildor’s policy to revalue its investment to match third party transaction, the transaction will result in a 27% uplift of current carrying value of SiteMinder from $72.9 million to $92.4 million.
There would also be an opportunity for Bailador and other early SiteMinder investor for a partial cash realisation at the same valuation as the new shares issued under the Transaction.
The transaction would result in increasing the pre-tax net tangible assets of BTI per share by 16.3 cents.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.