Yes I sold out when they doubled predicting this would happen. I agree an opportunity to buy in for long term hold not sure there is a rush though.
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Yes I sold out when they doubled predicting this would happen. I agree an opportunity to buy in for long term hold not sure there is a rush though.
Bought a few mil in the placement. Not sure whether I will take more in the SPP.
There will be a consolidation next year. I'm picking 1 for 10 and post consolidation can often be a good time to buy, but I do think 1.6c is a very good entry price, and post consolidation, 16c may look very cheap.
The question is, can they execute their plan successfully, which includes can they get enough raw material?
I think Tim Preston has his head screwed on and I see him as a backable board member. Don't know the calibre of the others or the CEO.
It's a risk v reward scenario for me and at this point I'm happy to take the risk.
Well today's price action has not done anything for my position in the ST contest.
Best Wishes
Paper Tiger
Assuming the record date has passed of course. Don't go selling out before record date (although if there's no minimum holding requirement you could sell 'almost' out).
I dont think record date has been announced yet and the other unknown (I think) is the size of the pool and the chances it will get scaled.
Have a look at BLT. It dropped below its SPP (making the SPP a dog) but after the record date, but before the cut off, the price increased making the SPP a good buy. The great thing about this is it stopped traders entering so their wasn't much dumping post SPP.
I bought these shares at $0.035 and got my backside punished because of the bookbuild..... I'm quite new to sharemarket and I'm just wondering if it would have been best for me to sell off these shares before they started the bookbuild? Was the huge decrease in share price anticipated? I'm quite upset that this share price has plummeted so much due to the bookbuild.... please help :confused:
Just saw the summary of results for the interim and it looks pretty good..... hope it starts going up...
Half year is out and it looks ok but IMHO, it is a bit dodgy including the SNK sale in "Continuing operations".
I assume the revenue in the prior year audit figures is from a different business before SEA reversed itself in??
Is it really good? Does the below quote mean they only made a profit from hocking off Snakk shares?
Quote:
Profit from continuing operations for the six months rose to $219,000. It is the first profit from continuing operations that SeaDragon's holding company has achieved in more than 13 years and reverses last year's loss of $211,000.
The result was lifted by a $801,000 profit on SeaDragon's August sale of 10 million shares in Snakk Media. The sale represented 40% of the 25 million Snakk shares and in early November, post balance date, we sold a further 10 million shares, reducing our holding to 5 million shares.
Still to be announced but should be before the end of the year. No brokerage.
Some of the reduction in price will be because of the large discount in the placement (ie, they have sold of quick for a profit) but also other holders selling down now as they know they can buy back in at the SPP price. Have a look at BLT so see the short term impact of a SPP on a share like this.