Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
“Medical device company focused on the emerging field of surgical endoscopy” Creo Medical (CREO) states that it “is pleased to announce a proposed fundraising by way of an accelerated bookbuild to raise a minimum of £25.0 million (net of expenses) via a conditional placing and subscription of new ordinary shares”. The share price has currently responded more than 18% lower, so how ‘pleased’ should the company be?
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