GCS backs out of $32m capital raising
Global Construction Services is assessing its options after pulling a $32 million capital raising, after failing to attract the support of investors.
GCS said today it was in further discussions with lead manager Bell Potter Securities in relation to a "potential" capital raising on revised terms, after withdrawing its entitlement issue and share placement.
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BETA
Total Shareholder Return as at 30/06/2012
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 48th | Southern Cross Electrical Engineering | 43% | 0% |
| 83rd | Tox Free Solutions | 20% | 1% |
| 150th | Cedar Woods Properties | -5% | -3% |
| 175th | Global Construction Services | -12% | 0% |
| 344th | Diploma Group | -41% | 0% |
680 WA listed companies ranked by 1 year TSR relative to WA companies with similar revenue
Shareholding
| Michael Sertorio | 8,078,790 | ||
| Enzo Gullotti | 7,992,680 | ||
| George Chiari | 4,655,360 | ||
| Sam Mangione | 4,263,730 | ||
| Peter Wade | 62,500 |
Number of shares
Share Transactions
Total value as at the date of the transaction
Revenue
| 30th |  | Diploma Group | $220.5m |
| 31st | | Southern Cross Electrical Engineering | $220.5m |
| 32nd | | Global Construction Services | $212.2m |
| 33rd | | Tox Free Solutions | $209.2m |
| 34th | | Cedar Woods Properties | $172.3m |
166 WA listed industrial companies ranked by revenue
Remuneration from Global Construction Services
| 174th | Enzo Gullotti | $769k |
| 276th | George Chiari | $560k |
| 731st | Michael Sertorio | $270k |
Ranked by total remuneration from all listed WA companies
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