Scaling would be on shares held on the record date of 8 December 2021. So any buying or purchasing now won't alter anything.
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Gee the SP is getting up their.
Taking some profits today..
Big volume at close of play.
Does EBO have any part in distribution of ANTI GEN testing. Chemists looks like they are going to be the front line in AUS and pretty soon here :scared:
It's an interesting mentality question - how much/how hard does an existing shareholder take up their maximum NZ$50k investment?
Baring any new announcements / holding all else equal - it's interesting to me that as the SP rocketed up to +$40 I'm more of the view that I'll take up all that I can, given the SPP is $34.5 (or thereabouts). But if the SP had fallen and was below the recent rights issue, say at 33, even though I'd be getting more shares for my dollar, I'd be more relaxed about not taking up the maximum. Bit of my own psychology flaws I guess.
Rather academic though, isn't it? It seems inevitable that the issue will be heavily oversubscribed and applications heavily scaled back
I guess for small players like myself, knowing it would be scaled back based on number of shares held, but still needing cash for other purposes if it all went through.
I assumed I'd be scaled back to the circa 11% dilution of number of shares held.
I applied for twice as much of that 11% number i.e. using an easy example: Hold 1000 shares, applied for 220 @ $34.5, $7590.
So I only put in $25,000 into the application just in case it all went through I'd have fund available to pay my upcoming provisional tax.
Thought $34.50 is fair value at this stage. Similar thoughts to Fiordland Moose, my target price for accumulating would be sub $30 on the open market.
Wanted to subscribe to the offer but not impressed when this is what I got:
"Due to legal restrictions, access to this website is only available to residents of Australia and New Zealand from within Australia or New Zealand. In order to access this website, you must provide the State, Territory or Region and postcode for your primary residential address within Australia or New Zealand.
Persons accessing this website from outside of Australia or New Zealand must exit this website immediately."
lets take a poll - what will the scaling be - IE the % number of shares given on the number of shares requested...I have no idea - i'll say 60% scaling.