Here are Thomas’s comments on Lamor planning a five million euro share issue 
Lamor announced on Friday that it is planning a directed share issue of at least EUR 5m to strengthen its equity and liquidity. The news did not come as a surprise to us, as the need for a share issue following the company’s latest financing agreement has been known since July. We consider the completion of the offering to be critical to securing the company’s financial position in light of the recent profit warning and weakened liquidity. The news does not prompt any immediate need for changes to our forecasts, but we will update our share count and balance sheet forecasts once the final terms and schedule of the offering are confirmed.