- Investment company Clime Capital (CAM) has ended the week in a trading halt ahead of an upcoming capital raise
- Currently, it is unknown how much the company is aiming to raise and where the funds will be spent
- Company shares will be paused on the market until Tuesday, February 16, or when more information about the raise is announced
- Clime has reported an unaudited pre-tax half-year profit of $12.1 million, which is a 120 per cent increase on this time last year
- In the same announcement, the company declared a 1.2-cent fully franked dividend for the March 2021 quarter, set to be paid out in April
- On the market, Clime last traded at 89 cents per share on February 11
Clime Capital (CAM) has ended the week in a trading halt ahead of an upcoming capital raise.
So far, there are no details on how much the company is aiming to raise and where the funds will be spent.
Under the halt, Clime’s shares will be paused on the market until Tuesday, February 16, or when more information about the raise is announced.
Recently, the company reported on a strong half-year, ending December 2020. It’s pre-tax half-year unaudited profit came in at $12.1 million — 120 per cent higher than last year’s $5.5 million result.
Clime’s audited results are imminent, with the company announcing earlier this month it expected to deliver its concrete interim financial on or around February 10.
In the same announcement, the company declared a 1.2-cent fully franked dividend for the March 2021 quarter, set to be paid out in April. This dividend is above the December guidance.
On the market, Clime last traded at 89 cents per share on February 11.