Fresh from scrapping new share issue Ranger Direct raises £14m


#1

Originally published at: http://whichinvestmenttrust.com/fresh-from-scrapping-new-share-issue-ranger-direct-raises-14m/
Following a failed attempt at a £135 million share issue, withdrawn because of a lack of investor demand, the management have shown their ambition to grow is still there as they complete a much more modest fund raising, that if it goes through will result in a dominant institutional shareholder. Ranger Direct Lending (LON:RDL) has…


#2

I attempted to buy this via the recent share issue that was pulled. Shame private investors weren’t offered the opportunity to invest this time with the tap issue.


#3

I’m suspicious of these new trusts @peterb. They’re unproven in a recession whilst the management firms are skimming off huge fees in the meanwhile.

If you really depend on the income they’re promising I wouldn’t overly rely on it when we come to a downturn that always follows a boom (despite Gordon Brown’s efforts to make them illegal).