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Oliver Mander: Shareholders Association CEO on Contact Energy announcing a capital raise
Published 2 months, 2 weeks ago
Description
A bittersweet result for Contact Energy’s shareholders.
The energy company released their half-year results yesterday, recording a 44% rise in net profit.
But it's now in a trading halt while it starts raising capital for more renewable energy projects.
Shareholders Association CEO Oliver Mander told Ryan Bridge Contact is unlikely to be the last to announce a capital raise – with more likely coming up later in the year.
He says it’s important for current shareholders to make an active decision going forward, as there’s no value gained by simply doing nothing.
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