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ASX news round-up: Webjet settles note offering, Plenti share price surges

On Monday, the S&P/ASX 200 (ASX: XJO) dropped 0.3% to start the week. Webjet Limited (ASX: WEB), Plenti Group Ltd (ASX: PLT), Cooper Energy Ltd (ASX: COE) and Booktopia Group Ltd (ASX: BKG) shares were front and centre.

Webjet raises again

Struggling online travel booking agency Webjet has gone cap in hand to investors again, settling a $250 million convertible note issue to refinance other impending maturities. This comes after undertaking a significant capital raising during the pandemic. The Webjet share price finished the day down by 1.7%.

Plenti loan book expands

Fintech personal lender Plenti jumped 12% after announcing record loan originations of $172.4 million for the final quarter, 120% above the corresponding period, as March originations grew at 174%.

The company lends to creditworthy borrowers for assets including solar panels, automotive and other personal loans, with net losses below 1% and 90+ day arrears falling to 0.31% in the quarter. The total loan book now exceeds $600 million with continued support for the funding program from institutions.

Featured video: 9 tips for ASX small-cap investors

Cooper Energy extends APA deal

Cooper Energy has used the option to extend its agreement with APA Group (ASX: APA) concerning the sale and throughput of gas at its Orbost plan. The Cooper Energy share price remained flat despite the news.

Booktopia seals the deal

Online bookstore Booktopia announced a new partnership with global online education technology company Zookal to be its exclusive supplier and fulfilment partner.

Under the agreement, Booktopia will source, supply and distribute all of Zookal’s physical book orders from a range of approximately 185,000 titles. The Booktopia share price jumped 1.3% on the news.

Looking ahead, the ASX 200 is set to edge higher when the market opens on Tuesday. Regis Resources Limited (ASX: RRL) will be on watch after entering a trading halt this morning related to a “proposed capital raising” in connection with a “proposed material transaction”.

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Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Disclosure: At the time of publishing, Drew owns shares in Cooper Energy.

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Wattle Partners is a financial advice firm, servicing clients around Australia, specialising in retirement planning (pre and post retirement). 

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