Fresh Funds — Edition #6 (8/11/19)

A much slower pace this week in capital markets, 14 new deals vs. 27 last week. One possible explanation — it was the height of the Spring Carnival here in Melbourne (the race that stops a nation’s deals), perhaps most dealmakers and executives were touring the tracks in lieu of rattling the tin…
The Westpac (WBC) placement was the big market event this week, raising a monster $2b in under a day. The placement officially opened on Monday morning (also available to clients of Fresh) and was covered by midday (see AFR report, 4/11/19), well ahead of the scheduled 5pm book close. We believe this speaks to the power of placements to provide quick and easy capital injections for issuers. A good case for increased placement usage amongst larger companies — perhaps even other banks in months to come? As we continue to grow our investor base and deal capacity we hope to offer the majority of these larger raises through Fresh.
Looking to next week, we have a number of shortfall deals opening and hopefully more placement activity, stay tuned.

Here are some of the critical numbers from this week:
- $2.2b raised from 18 placements (as announced to the ASX)
- Clients of Fresh were offered access to 13 of the 18 placements (72%)
Metals & Mining
- MINOTAUR EXPLORATION LIMITED (MEP) raised $1,500,000
- VRX SILICA LIMITED (VRX) raised $4,000,000
- HAZER GROUP LIMITED (HZR) raised $2,500,000
- PACIFIC AMERICAN HOLDINGS LIMITED (PAK) raised $450,000
- DIATREME RESOURCES LIMITED (DRX) raised $3,600,000
- LINDIAN RESOURCES LIMITED (LIN) raised $500,000
- TARUGA MINERALS LIMITED (TAR) raised $211,750
Tech
- MSL SOLUTIONS LIMITED (MPW) raised $2,730,000
- EMVISION MEDICAL DEVICES LIMITED (EMV) raised $4,500,000
- ALCIDION GROUP LIMITED (ALC) raised $16,200,000
- POINTERRA LIMITED (3DP) raised $2,500,000
- TOTAL BRAIN LIMITED (TTB) raised $14,000,000
Industrials
- HYDRIX LIMITED (HYD) raised $2,500,000
- MNF GROUP LIMITED (MNF) raised $52,100,000
- SIMBLE SOLUTIONS LIMITED (SIS) raised $1,100,000
Financials
- WESTPAC BANKING CORPORATION (WBC) raised $2,000,000,000
- CHARTER HALL LONG WALE REIT (CLW) raised $120,000,000
Consumer
- AMBERTECH LIMITED (AMO) raised $3,498,000
Stay Fresh!
Fresh Equities is helping investors access ASX placements and shortfalls. Not a broker, not a corporate advisor, we are a new distribution partner offering HNW investors, Funds and Families access to the largest range of deals for free and without advice.
If you have any suggestions, feedback or would like to join us on the journey — please reach out to the team at contact@freshequities.com

