iProperty Group (IPP) announced on the 7/6/2012 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 6/6/2012 on which shareholders must own the share to participate in the SPP. The closing date is 29/6/2012. Shares will be issued soon after. A maximum of $15000 can be purchased by each shareholder at $1.00 or a 6% discount to the volume weighted average price (VWAP).
Discount : 6.0% Liquidity : Poor Profitability : Poor Stability : Ok
*Note: Discount is based on the closing price on the 29 May 2012