D-Day for Webjet; Ownership Matters' GFC lessons; Equities dark horse rises

Good evening,

Welcome to dealmakers' no man's land: the place where bid/ask spreads have blown out and it's hard to see where the next deal is coming from.

Deal junkies' hopes are pinned on Webjet and oOh!media, both of which are cap in hand in front of investors and taking longer than it normally would to get fund managers to cut fresh cheques.

Wednesday shapes as a big day for both - and there's seldom been so much riding on a couple of small caps.

Webjet's brokers will look to close its books on a $250 million raising, while oOh!media was said to be making progress on its own balance sheet-restoring raising.

If both get done, expect the weak to head to market sooner rather than later.

If they don't, no man's land may last for longer.

In Street Talk tomorrow, we look at what Ownership Matters has told fund managers ahead of the equity raising wave, and see which equities desk has come into form at precisely the right time .

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors