Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Intelligent Monitoring Group Limited ( (AU:IMB) ) just unveiled an announcement.
Intelligent Monitoring Group Limited has completed a share placement, issuing 34.5 million fully paid ordinary shares at A$0.58 each to institutional and sophisticated investors under its existing ASX Listing Rule 7.1 capacity. The company has confirmed via a cleansing notice that the shares were issued without the need for a prospectus, that it remains compliant with key financial reporting and continuous disclosure obligations, and that there is no undisclosed price-sensitive information, thereby facilitating trading in the new securities and providing assurance to existing and new shareholders about regulatory compliance.
The most recent analyst rating on (AU:IMB) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Intelligent Monitoring Group Limited stock, see the AU:IMB Stock Forecast page.
More about Intelligent Monitoring Group Limited
Intelligent Monitoring Group Limited is an ASX-listed company operating under the ticker IMB. While this announcement does not describe its operations in detail, the group is positioned within the broader monitoring and security services space and targets institutional and sophisticated investors through capital markets activities on the Australian Securities Exchange.
Average Trading Volume: 502,979
Technical Sentiment Signal: Hold
Current Market Cap: A$232.1M
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.