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CT Automotive – December 2021 AIM IPO at 147p per share, previously closed at 49p and now already a bailout equity raise and at…

By Steve Moore | Thursday 27 April 2023

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.

Automotive interior components group CT Automotive (CTA) has announced a conditional £7.7 million equity raise, stated to be to “predominately be used to strengthen the balance sheet and to provide the group with flexibility to take advantage of growth opportunities. Additionally, a small portion of the net proceeds are expected to be deployed to realise further efficiency savings including through investment in injection moulding production processes and robotics”. So what of a current share price slide from 49p to 39p?
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Which PR genius wrote this?

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