What are your thoughts on the capital raising by Lend Lease Corporation?

What do you think of the Capital Raising by Lend Lease Corporation? Issue price the lower of $9.80 per SSP etc.

A: On paper at least, the SPP is pretty attractive – a max price of $9.80 vs a current ASX price of $11.31. It closes on 26 May.

If you aren’t keen to increase your holding, one option is to sell some shares now on the ASX and replace in the SP.

 

In regards to the company, I find it really hard to get a handle on Lend Lease given the proportion of development and construction work offshore.


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