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SHOCKER: Unbound Group – desperate equity raise & consensus expectations omit certain costs “such as for the head office”!

By Steve Moore | Friday 22 July 2022

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.

‘Hotter Shoes’ brand 55+ demographic footwear group Unbound (UBG) “is pleased to announce that, further to the announcement made on 21 July 2022 regarding the fundraising, an aggregate of 20,783,334 placing shares have been successfully placed by Singer Capital Markets Securities Limited at an issue price of 15 pence per placing share to raise gross proceeds for the company of approximately £3.3 million”. With the shares currently down more than 40% in response, should it be pleased to announce this?!

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