So who will be buying on day one. Looks like this is shaping up to be an excellent long term play with a new supportive shareholder on board. I would have thought getting in up to $2.60 should pay dividends in the long run.
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So who will be buying on day one. Looks like this is shaping up to be an excellent long term play with a new supportive shareholder on board. I would have thought getting in up to $2.60 should pay dividends in the long run.
if synliat is the manufacturer and atm are the seller of the end product doesnt the seller make more money ?
I am considering buying more.And yes most probably around the $2.60 mark.
My wife and I both were allocated 3,000 shares each.At this stage I will take our holdings to 5,000 each.
I am also looking to add to our EBO,and SKL holdings.I have money coming and going at present,so when the dust settles I will see what I have,and where each SP is at the time.May even take my HNZ holding up to match the wife's holding,although she enjoys getting a bigger divie than me.!!!!
I'm still having difficulty reconciling the low IPO price with the range of comments of people missing out, being scaled 20 or 30% or getting full amount applied for and the comment that Friesland agressively bid for its stake. Both scaling and agressive bidding seem totally at odds with a low book build price. Did you get the full amount you applied for or was your application also scaled.
I applied for $15,000 worth for both myself and my wife.Total of $30,000.
We are to get 3,000 shares each.Total 6,000 shares at $2.20 is $13,200.I deal with Craigs ChCh.
Two friends applied through Hamilton Hindin and Greene [ChCh broker].One received 3,000,the other received 2,000.I do not know what/or how many they applied for.I think Synlait minimum parcel is 2,000 shares.I think the wife and I were a bit lucky,as I heard Craigs received 20% of what they applied for.May differ with each Craigs branch,and each advisor in each branch.I don't know.[and I am not going to ask!]
I doubt that you'll be able to make sense of it without being a party to the actual process.
In general terms, those bidders (brokers) who bid highest get the most shares, even though they're all placed at the same price. After that,it's up to the individual firms as to how they allocate them to clients.
At least, that's how it has been explained to me.
But in the various IPOs I have paticipated in I have simply been invited to participate on the basis of an indicative price range
(flexible at both ends). I have never been invited to suggest my price--surely that is the reason for the company giving an indicative price in its prospectus/application. Percy might like to indicate if he was invited to suggest a price--I assume from his last post he simply indicated the total amount he wanted to invest. I had simply indicated the number I wanted.In this case the brokers presumably knew they had heaps of clients prepared to buy on the basis of the indicative range but the price was fixed at the low end. From the other side existing shareholders had to sell in on the basis of the indicative price and must be baffled how they have been sold out at the bottom end with with unsatisfied demand (i.e. massive scaling). To adopt CJ's colourful expression shareholders who sold in might also go "off like a frog in a sock"!
No, price was not mentioned,just the total amount we wanted to invest.
I have received the prospectus today,and have to let my broker know on Monday should I decide not to go ahead.