i filled out the form had the money in my account and recieved an email saying i was unsuccessful, due to popular demand,
go figure!!;)
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i filled out the form had the money in my account and recieved an email saying i was unsuccessful, due to popular demand,
go figure!!;)
I just had a look at the bank balance of the account that was to be direct debited & the full amount of money corresponding to all the shares applied for has been deducted. I haven't received an Email so I don't know if that means I got all I applied for or if there will be scaling & I'll get some money returned.
My understanding from the timetable is that we won't know what we got until Monday the 12th of December.
Below is another copy of those important dates..and I've highlighted that one in red.....
Important Dates
Wednesday 9 November..................Offer Document registered
Thursday 17 November....................Broker Firm Offer and Priority Offer expected to open
Monday 5 December........................Priority Offer Closing Date
Tuesday 6 December.......................Broker Firm Offer Closing Date
Monday 12 December...................Settlement, allocation and allotment
Tuesday 13 December.....................Expected commencement of trading on the NZSX and ASX (on a deferred settlement basis for ASX).
Just curious??...Are there some people on ST applying for TME shares that have not read further than the cover of their prospectus.... the reason I ask is that these important dates were on page 2 in very large black bold letter fonts...theres no way you could not miss reading it.
Ta for that Hoop. I replied to the thread without relooking at the prospectus dates but now see the option of scaling & getting some money returned is indeed a possibility. (This is only my second day in the last two months looking at sharemarket stuff. Was interested to read here this morning that some have received Email notification that their applications have been unsuccessful)
I read the TM prospectus. They are looking for 'growth' opportunities, but didn't name them. As a 'weightless' business with a great brand and low overheads, I'm not sure why they need access to equity capital. Obviously Fairfax is in dire straits and needs the cash, they've actually done quite well with their dividends and this sale meaning TM will be now free carried for them.
My question for TME investors, is where will the growth come from in a mature market, so why will your shares appreciate? As mentioned the div yield is sub par at $2.70…
The stags will be roaring next week!
Mr D