Harvey Norman Holdings Ltd
HVN: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$8.50 | Qmnly | Bjlffnvhw |
Harvey Norman Is Diluting Long-Term Returns by Raising Capital to Pay a Special Dividend
Harvey Norman has offered a 1 for 22 prorata renounceable entitlement offer at AUD 2.50 per share to raise AUD 120.7 million. The entitlement offer closes at 5.00pm on Monday, 15 December. With the current stock price trading well above the offer, we recommend holders take up their entitlement and then sell on market.