Ooh Media enters trading halt as it considers capital raising

March 20, 2020 10:40

Outdoor media company Ooh Media has entered a trading halt and is considering capital raising.

An Ooh Media spokesperson told Mumbrella the company does not have liquidity issues, but it is facing uncertainty in the near term due to the unprecedented market conditions caused by COVID-19 (coronavirus)

Ooh Media has entered a trading halt

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Hannah Blackiston

Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

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2 COMMENTS

no liquidity issue? 20 Mar 20

Sorry, we don’t have liquidity issues, except that we need an emergency capital raising so we don’t breach our debt covenants? That’s a pretty silly thing to fly up the pole. Sure, they need some help for an extraordinary event and you feel for them and all there, but is that how you manage a crisis?

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Becky 22 Mar 20

Yikes, their share price was a recommended share option in this climate by ComSec only last week!

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