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Aurrigo International – retail offer result… it doesn’t even bother to try to argue it’s ‘pleasing’!

By Steve Moore | Wednesday 29 November 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.

Describing itself as “a leading international provider of transport technology solutions”, Aurrigo International (AURR) has announced “subject to the retail offer becoming unconditional, a total of 176,255 new ordinary shares… will be issued at 100 pence per retail offer share. In addition, the company has raised £100,000 by way of a direct subscription for 100,000 new ordinary shares”. Hmmm, ‘a leading international provider of transport technology solutions’ hey?
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