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An update from Stealth Global Holdings Ltd. ( (AU:SGI) ) is now available.
Stealth Group Holdings Ltd has successfully completed a $19.5 million capital raising through a share placement to institutional and sophisticated investors. This capital will be used to reduce existing debt and provide working capital for the integration of Hardware and Building Traders (HBT) and the expansion of its wholesale distribution strategy. This move is expected to enhance Stealth’s national multi-channel distribution platform, positioning the company for sustainable long-term growth and value creation for shareholders.
The most recent analyst rating on (AU:SGI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Stealth Global Holdings Ltd. stock, see the AU:SGI Stock Forecast page.
More about Stealth Global Holdings Ltd.
Stealth Group Holdings Ltd is a diversified multi-channel distribution company in Australia, operating as a wholesaler, distributor, and retailer. It supplies products and solutions to businesses, trade professionals, and retail consumers through its Industrial & Hardware Distribution and Consumer Products divisions. The company utilizes an omnichannel model that includes wholesale, company-owned branches, reseller networks, retail partnerships, and e-commerce, supported by a robust national infrastructure.
Average Trading Volume: 186,959
Technical Sentiment Signal: Buy
Current Market Cap: A$152.2M
For a thorough assessment of SGI stock, go to TipRanks’ Stock Analysis page.