TCL is undertaking a 3 for 37 entitlement offer at $11.40 per share to raise $1.9b of new equity. The retail offer will close on 24th January.
The TCL share price has hit an all-time high today at $12.93.
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And while the internal momentum indicators on the daily charts are approaching an overbought reading, we expect prices to move higher and consider TCL a cornerstone holding in the model portfolio.
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