Original article by Paul Garvey
The Australian – Page: 18 : 18-Jan-16
New figures show that Australian resources groups raised just $A2.41bn in new equity during 2015, which is the lowest level since 2005. There was a sharp decline in IPO activity in particular in the resources sector, while iron ore hopeful Waratah Resources is the latest company to shift its focus to the technology sector. Businessman Nathan Tinkler notes that investors are reluctant to support equity raisings in the resources sector at present.
CORPORATES
WARATAH RESOURCES LIMITED – ASX WGO, AUSTRALIAN PACIFIC COAL LIMITED – ASX AQC, BLOOMBERG LP, PENGANA CAPITAL LIMITED, BHP BILLITON LIMITED – ASX BHP, UBS HOLDINGS PTY LTD