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Davy Research

Hostelworld

Liquidity enhanced by completed equity placing

Jun 29 2020, 07:10 IST/BST
Ross Harvey CFA
Company Report
4 page(s)

Sectors : Travel IT Services

Companies : Hostelworld

Ratings and price correct at time of issue.

Hostelworld

Closing Price: 64.5p
RATING 15/12/15
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Ross Harvey CFA

Analyst

DAVY VIEW

Newly issued shares from Hostelworld’s equity placing are expected to be admitted for trading today (June 29th). The company expects that the raise (£13.8m), in tandem with the finalisation of two new banking facilities (together €10.5m), will provide essential liquidity through 2020-2021 even in the event of a second spike of COVID-19.

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Jun 29 2020, 07:10 IST/BST