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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

Street Talk

Webjet heads towards $1.80

After two days of pitching a survive-to-thrive strategy, Webjet and its brokers will be looking for firm bids into a proposed $250 million equity raising.

Street Talk

Push directors to push investment banks: Ownership Matters

Directors need to avoid unnecessarily dilutive equity raisings and reckless underwriting fees - and fundies should be prepared to hold them to account. 

Street Talk

Credit Suisse cashes in on big month for equities

With capital markets as good as dead, investment banks have been leaning hard on their trading desks to prop up revenue. 

Street Talk

Sharpen your pencils: bids due for kikki.K

Currently in receivership, the upmarket stationery chain could be around for another 20 years judging by the strong level of interest from potential buyers.

Street Talk

Next Capital's Funlab sale out of luck

It's a terrible time to be trying to settle a leisure group's sale - just ask private equity group Next Capital. 

 
The Australian Financial Review

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