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Attika Group Ltd. ( (SG:53W) ) just unveiled an update.
Attika Group Ltd. has provided an update on the deployment of its IPO net proceeds, reporting that S$1.336 million has been utilised out of S$2.22 million, leaving a balance of S$884,000. The bulk of the funds used to date have gone to the Group’s property business (S$1.258 million) and general working capital (S$78,000), with the allocation for new equipment, plant and machinery still untouched, and the company emphasises that all spending remains in line with the intended uses previously communicated to shareholders.
The most recent analyst rating on (SG:53W) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Attika Group Ltd. stock, see the SG:53W Stock Forecast page.
More about Attika Group Ltd.
Attika Group Ltd., incorporated in Singapore, operates as a group with activities that include a property business and investments in equipment, plant and machinery, funded in part through its initial public offering (IPO) proceeds. The company also allocates capital to general working purposes such as professional and directors’ fees to support its ongoing corporate operations.
Average Trading Volume: 29,370
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$46.24M
For a thorough assessment of 53W stock, go to TipRanks’ Stock Analysis page.