‘Not on our runway’: No equity raise for Summerset, CEO Scott Scoullar says

‘Not on our runway’: No equity raise for Summerset, CEO Scott Scoullar says
Scott Scoullar says 2024 was the hardest business year of his life. (Image: Supplied)
Gregor Thompson
Summerset Group's chief executive Scott Scoullar says a capital raise is not on the cards. In January, Jarden analysts Arie Dekker and Vishal Bhula wrote an investor note in which they raised the possibility that both Ryman Healthcare and Summerset could ask investors to stump up cash this year.  The logic was that Ryman, which called a raise on Monday, could use the extra cash to amend its balance sheet and that Summerset, the better positioned of the two, could accelerate growth in Australia.Talking to BusinessDesk on Friday aft...

More Property

The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025