BIT:ACEIntegrated Utilities
A Look At ACEA (BIT:ACE) Valuation After The €195.5m Follow On Equity Offering
ACEA’s equity raise and dividend affirmation
ACEA (BIT:ACE) has filed a follow on equity offering of €195.5 million, with 8,500,000 new shares at €23. This move puts fresh capital and potential dilution on investors’ radar.
See our latest analysis for ACEA.
The follow on offer and confirmed €0.95 dividend arrive after a 14.62% 1 month share price return decline. However, ACEA’s 24.33% 1 year total shareholder return and very large 3 year total shareholder return indicate that longer term...