Any idea of buy-in price for SPP? ... haven't seen anything, and the offer website doesn't have any details yet (scheduled for release on Monday).
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Any idea of buy-in price for SPP? ... haven't seen anything, and the offer website doesn't have any details yet (scheduled for release on Monday).
SkyCity intends to offer the SPP to eligible existing shareholders with a registered address in New Zealand and Australia, enabling them to subscribe for up to $50,000/A$47,000 of new SkyCity shares. The SPP offer size is $50 million (with no oversubscriptions) and theoffer price of these shares will be the lower of the Placement offer price of $2.50 and a 2.5% discount to the five-day VWAP of SkyCity shares traded on the NZX during the last five days of the SPP offer period. If scaling of the SPP is required, it will be done with reference to the shareholders' existing shareholdings at the record date of 16 June 2020 and otherwise at SkyCity’s discretion.
Going by current price trend and huge demand, its probably safe to assume that SPP price will be same as instos at $2.50 a piece.
yes we under estimated the KMD demand and only took our allotment.. made profit but really should have bought the farm... the market is loving it. Probably because the amount raised wasnt as bad as expected? really there is appear to be some very very popular stocks and the market including all new investors have decided these business are a once in a life time price... but after many many years of transactions passing under the bridge there appears to always be another once in a life time event to effect prices as some outline on another thread back to 1987... and before 1933...
big day 15 million ... market loves it !!!!
Offer is now live and I've bought in. In 2025 this will look very cheap, this is a great buy and hold at this price.
possible somewhere over 4. It depends on china's relationship to australia but 4 would be if all is not well.
Very nice 4 in front is better than 2 or 1 in front.
Confirmation of the first part of the dibble theory. SKC drops to $2.49 today, 1c below the share issue price. Still I have my request into the offer hoping to fill my boots. Looks like I might get my wish?
Last five days of share price plan offer period are 29th June, 30th June, 1st July, 2nd July and 3rd July. Despite the close, the vwap for 29th June was 252.56. Yet a 2.5% discount off that brings it down to $2.46. Good for small shareholders who have applied through the share purchase plan if this price heads lower?
SNOOPY
well Snoopy any reason we wont see 2.40? or will the newbie share investors see out 5 years and push the price back to 3 dollars?
Well.Balance.. i havnt got the reflation entity up and running yet!!! does snoopy want to recalc the average now?
market finally starting to make some sense... even though the FED is at the ready...should give the newbie a bit of something to think about it they bought over 3... still they can always buy another 50,000 worth...if they can get them... after all if snoopy is buying ...
just checking my notifications... really i think we need something that is for investors... a whole new type of private site..a dark pool investor site..
Combination of factors but the slightly bigger vols might be everything from
USA flare up
WHO saying its just getting started.
Victoria flare up
Government saying all the procedures and systems are not in place yet for bubble expansion.
Comments today from our group members today were they feel the execution of step by step detailed border and isolation procedures were not as they expected.
If the basics of that saga did not get a tick from professional instos then investors may feel the next step will not according to plan either and hit the button.
AIA has never been a stock that reacts like SKC. The two stocks have nothing in common and SKC will always react in far more extreme ways.