BUZZ-Australian Dairy Nutritionals hits near 2-week high on premium entitlement offer

Reuters
Jan 27
BUZZ-Australian Dairy Nutritionals hits near 2-week high on premium entitlement offer

** Shares of Australian Dairy Nutritionals AHF.AX rise as much as 11.1% to A$0.030, their highest level since January 14

** Dairy producer announces entitlement offer to raise A$3.47 million ($2.40 million) at an issue price of A$0.028 per share

** Issue price represents a premium of 3.6% to stock's last close

** Funds from entitlement offer to be used for working capital for growth plans, others - co

** About 1.9 million shares change hands, 3.3x the 30-day average volume

** Stock has fallen 19.4% in 2026, including the day's moves

($1 = 1.4443 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10