Similarly, after a period of subdued growth in early 2004,
net equity raisings in the December quarter were above their average of the past five years.
Not exact matches
The SEC expects private
equity firms to report average
net IRRs alongside gross IRRs with equal prominence in marketing materials when they are seeking to
raise a new fund.
More specifically, investors are putting their money to work in markets outside the U.S. Of the $ 97.2 billion of
net new assets
raised in the first quarter, over $ 70 billion went into
equity funds with international exposure.
For non-financial corporates, total
net non-intermediated capital
raisings (that is, issuance of short and long - term debt securities, hybrids and
equities, all
net of maturities / buybacks) reached record levels in the December quarter.
Following capital
raising activity with institutional investors, the company recently converted loans to
equity and increased its
net cash position by $ 13.3 million while reducing ongoing annual interest payments by approximately $ 250,000.
After
raising $ 170m in new
equity and selling three businesses for $ 150m, Cardno now has one of the strongest balance sheets in the industry with an estimated
net cash position of $ 10m.
Aggregate
equity raisings in the September quarter were in line with average issuance of the past few years, with
net issuance totalling $ 4 billion.
There are three (or four) ways that a company can grow:
Raise money through debt (borrowing, selling bonds)
Raise money through
equity (sell stock) Retained earnings (
net income saved from prior years)(Crowdfunding is a relatively new (in mainstream businesses) alternative financing method where people will finance a company with the expectation that they...
So maybe TEN starts up on time without a hitch, maybe production hits 100 K bopd
net next year, maybe the oil price doubles, maybe Tullow can slowly dig itself out of this hole... But who knows, the oil price may take another sub - $ 30 dive, TEN may suddenly hit a disastrous production (or political) issue, the lenders may finally lose patience and / or force a horrifically dilutive
equity raise on Tullow, short - sellers become more aggressive, whatever... Time will tell, but my price target stands right now.
This
equity raise actually puts Ardmore back in a
net cash position.
It v fortunately
raised a ton of money in the 2005 - 06 boom, reporting
Net Equity of GBP 184.2 mio (or $ 292 mio) in its first public results.
As of end - Jun 2013, PTR had cash of $ 4.1 M, debt of $ 33.5 M &
net payables of $ 9.1 M. Deducting $ 1.95 M for No. 9, $ (2.4) M cash burn, and adding the $ 5.2 M
equity raise & the expected $ 35 M receipt from Oil India, it's fair to say Petroneft is now roughly all - square.
A Martindale - Hubbell AV ® Preeminent rated attorney, Tim concentrates his practice in transactional business law and has represented private
equity funds and their portfolio companies, publicly traded companies, big box retailers, franchisors & franchisees, physician practice groups, commercial real estate developers, financial institutions, high
net worth individuals, and companies
raising capital.