HBL up 75% plus dividends over the same timeframe...just as well you've got "a few bob" on that horse too :)
During the past four years or so,both have laid very solid foundations for truly great businesses .
I expect both to build on those foundations.
Both have good organic growth,and have made astute acquisitions.
Both have directors who have large shareholdings.
I expect the share price of both to double within four or five years,and the divies to keep on increasing in the meantime.
Anybody heard from computershare re the SPP allocation and other details.
Have rung them lil earlier and they couldn't give me any information, sucks....
$14,076,000 chasing $5mil of shares.??
I really do hate SPPs.
Page 3 of the initial offer doc says "your application will be scaled on aproportionate basis with regard to the size of your application", however page 12 says "on a proportionate basis by reference to the size of existing shareholdings and noteholdings held at the time of allotments". Todays announcement conforms with the latter, however I thought it was based off the former?
Is it just me or are these different meanings:
1) Scaling based on application amount = two different holders whom apply for 15k each both get the same amount after scaling
2) Scaling based on existing holding amount = two different holders whom apply for 15k each get proportional amounts according to their holdings
Also this seems a bit unfair for the smaller holders, on top of already lacking funds to get to the 15k mark.