from Mid Nov
triple top breakout required a little patience but worked well
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I've changed my tune LOL
I will be adding but I only have 1000 shares so there is probably no point putting in for the whole $50k
Any reason not to wait until close to the cut off date?
well you might get a chance to buy some more if world war 3 erupts before the close off date...
pray and there is a 1 in a million chance to buy some more under 34
dont like the odds though...
or like the GFC all started with one investment house dropping a shoe .. behind the scenes though it appears the BOC is plugging the gaps unfortunately... love a damn good financial crisis.. health crisis not so much...
Not that i can think of though havent read the retail offer statement yet. Ill just wait - would feel a lot better putting in my requested allotment buying shares at 24.50 when they are still trading at +28 bucks…feel less interested when just buying them at 5 day vwap
"These shares will be issued at the lower of the price paid by investors in EBOS’ recent Placement, being NZ$34.50 per share, and the five day volume weighted average price of EBOS shares traded on NZX during the five NZX trading days up to, and including, the closing date of the Retail Offer."
Sorry 34.50, not 24.50. Point remains the same - I’d prefer choosing the quantum I’d invest if I knew the price the shares were actively being traded at were a lot higher than the SPP. Rather invest more into that scenario, and less into the scenario where the VWAP fell below the 34.50 and just bought at vwap. More discount, more dosh I want to invest, and waiting later will help clarify that decision
I always wait till closing of the offer to make sure I’m not missing any other opportunities that may come up and to get a better understanding of the offer price. Prefer the money in my account as long as possible. This is a get rich slowly stock in my opinion and a stock that consistently delivers. A great company.
Great acquisition but treatment of smaller shareholders is deplorable
As with most companies small shareholders are a pain in the butt …….a necessary evil of being listed ….instos could have funded this acquisition and no real need to ask small shareholders to help out but we better show we are nice guys
https://businessdesk.co.nz/article/f...raising-method
Throttle up.. main boosters engines just kicking in...feel the G's
Re the Retail Offer - Is there any way to work out how many shares you may get based on the no. of shares you held at records date. The offer size has been set at NZ$105 million. I don't want to fork out the max $50,000 knowing that I may only get a portion of it.
you really have to put in the most you can ..leave it as late as you can.
ask your investor pool to subscribe to your offer.
My take is that if there is scaling it will take in to consideration your existing holding and that you will be unlikely to be able to increase your holding beyond 11.9% of your existing holding or if you can it will be by only a small amount as this offer will be very popular. Pretty sure I read the allocation will be pro rata based on your existing holding up to $50,000 worth. To me if there is unfairness in this retail offer I see it as being to the larger shareholders who even if they get $50,000 worth will still be diluted and in some cases very considerably.
Interesting spike today on not particularly large volumes. Suspect with prices remaining well above the coming placement price investors are buying so they can purchase discounted shares and existing investors looking to grow # shares to maximise their position prior to scaling.
Also suspect we will see a lot of people stagging their newly purchased discounted shares for a profit post allotment - with a bit of a dip in prices following that.
No matter - great price reaction post announcement. I will subscribe for maximum shares but expect to be well scaled.