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The latest announcement is out from Tasmea Ltd. ( (AU:TEA) ).
Tasmea Limited has completed a A$43 million institutional placement, which was fully underwritten by Unified Capital Partners. This move is expected to enhance the company’s chances of inclusion in the ASX 300 Index, improve liquidity, and broaden its investor base. The additional capital will allow Tasmea to pursue acquisition opportunities and maintain a strong balance sheet, reducing debt and supporting growth strategies. The placement was well-received by both new and existing institutional investors, with shares issued at a slight premium to recent VWAPs and a discount to the last closing price. Tasmea remains committed to delivering sustainable EBIT growth and long-term shareholder value.
The most recent analyst rating on (AU:TEA) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Tasmea Ltd. stock, see the AU:TEA Stock Forecast page.
More about Tasmea Ltd.
Tasmea Limited is an Australian company that operates 25 inter-dependent specialist trade skill services businesses. It focuses on essential shutdown, programmed maintenance, emergency breakdown, and brownfield upgrade services for fixed plant. The company serves a blue-chip customer base across six growing industry sectors: mining and resources, oil and gas, defence, infrastructure and facilities, power and renewable energy, telecommunications and retail, waste and water.
Average Trading Volume: 376,254
Technical Sentiment Signal: Buy
Current Market Cap: A$1.09B
See more data about TEA stock on TipRanks’ Stock Analysis page.