ZEL - Z Energy.

Have heard a rumor there will be a scaledown but havnt substantiated this.

I've been scaled to 20% of my requested volume for this. Tighter than SML

wondering whether it relates to individual broking house allocations being 'unevenly' distributed?

anyone else been advised of a firm allocation?

Apparently I'll find out tomorrow.

Wow 650 - 900 million shares on offer, and scaled down by 20% damn!!

Not by 20% but to 20% in Xerof's case!

I, too, hope to find out tomorrow.

Not being a stagger.. good luck to all that want them.. Good dividend.. Ho hum...

Not willing to sell down to buy..

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Originally Posted by janner

Not being a stagger.. good luck to all that want them.. Good dividend.. Ho hum...

Not willing to sell down to buy..

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Ditto. If indicative dividends are maintaiend and share price holds up, this could be a good yield/income play though. But I will be watching this one with interest from the sidelines and enjoying the steady payments from my Z Bonds.
Good luck to buyers.

Exactly !!.. there are better buys available.. IMHO..

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Originally Posted by iceman

Ditto. If indicative dividends are maintaiend and share price holds up, this could be a good yield/income play though. But I will be watching this one with interest from the sidelines and enjoying the steady payments from my Z Bonds.
Good luck to buyers.

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Originally Posted by Xerof

I've been scaled to 20% of my requested volume for this.

anyone else been advised of a firm allocation?

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Which broker?

Quote:

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Originally Posted by Grimy

Apparently I'll find out tomorrow.

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anyone else been advised of a firm allocation?

Quote:

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Originally Posted by Xerof

I've been scaled to 20% of my requested volume for this. Tighter than SML

wondering whether it relates to individual broking house allocations being 'unevenly' distributed?

anyone else been advised of a firm allocation?

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And price is set at?

Not possible for any firm to advise of allotment until price is set.

NZX and FMA need to be informed.

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Originally Posted by Balance

And price is set at?

Not possible for any firm to advise of allotment until price is set.

NZX and FMA need to be informed.

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Bookbuild, pricing and allocation not till 15/16 August but I assume some of the Brokers have been given a firm allocation already which they can allocate to their clients.

Correct CJ, firm $ allocations were given to brokers yesterday. I have read the prospectus, asked for a firm allocation, got scaled, filled in the form, written out the cheque, and its in the mail.

I'll phone the police immediately Balance, possibly David Shearer as well

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Originally Posted by Xerof

Correct CJ, firm $ allocations were given to brokers yesterday. I have read the prospectus, asked for a firm allocation, got scaled, filled in the form, written out the cheque, and its in the mail.

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At what price? The top of the price range?

The application form is for a Dollar amount, not share amount. This IPO does appear to be structured a little different to the usual

Brokers all got their firm allocation dollar amount yesterday (see todays ann by Infratil) How they allocate to their clients is their concern, not mine. I would presume this is the retail part of the IPO, not all of it, as the price is set later by the book build. Retail is a pricetaker, not price setter

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Retail is a pricetaker, not price setter

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Sad - but true.

There's no public pool in this one, so if you want to participate you need to put your hand up for a dollar amount. Of course, you can always decline to fill in the application form when received - but probably at the expense of some damage to your future client/broker relationship!

:cool:

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Originally Posted by Xerof

I've been scaled to 20% of my requested volume for this. Tighter than SML

wondering whether it relates to individual broking house allocations being 'unevenly' distributed?

anyone else been advised of a firm allocation?

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I've been offered this morning 100% of my requested amount, although as Macduffy says, I don't yet know if I will take it.

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Originally Posted by CJ

Which broker?

anyone else been advised of a firm allocation?

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I got a third of the number I'd asked for.
Sounds like there's good demand.

Looks like Craigs will give me all i can eat and pricing looking like lower end rather than higher but we will see.

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Originally Posted by Joshuatree

Looks like Craigs will give me all i can eat and pricing looking like lower end rather than higher but we will see.

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Classic IPO - Craigs keep lion share of retail allocation and give its clients 100% of what they ask for (all good and great on them - to be applauded) while rationing other brokers.

End result?

Clients of other brokers will try and get out on opening knowing that Craigs' clients have plenty to stag with.

Quote:

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Originally Posted by Balance

Classic IPO - Craigs keep lion share of retail allocation and give its clients 100% of what they ask for (all good and great on them - to be applauded) while rationing other brokers.

End result?

Clients of other brokers will try and get out on opening knowing that Craigs' clients have plenty to stag with.

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I don't think demand is as high as what people think. I'm not with Craigs and I certainly have never been offered 100% before of anything I have actually really wanted.

Well, took 24 hours for the answer to my original question to be answered, which is that the non-organising Brokers (as usual) have been starved of supply.

I might be pleased to have only got 20% then, if all Craigs clients are going to choke on them.

Happy for price to be low end, nicer yield.....


Broker greed never ceases to amaze me

Bit general, i won't be stagging for starters.

My original amount requested has been scaled by 25%. Which means if the price doesn't hold at least I can top up cheaper if I want to, to my original $ amount.

http://www.stuff.co.nz/business/indu...el-for-thought

Cautious optimism.

I like being cautiously optimistic - it offsets my usual unbridled pessimism.......

I have applied for some but yet to hear back from Craigs.

Not buying.. .. Not good value.. IMHO..

http://www.stuff.co.nz/business/mone...behind-Z-offer

Unfortunately for retail investors, not much can be done about that because the price will be set after the closure of the broker firm offer on August 15. Retail buyers in the IPO will just have to hope for the best.

Below is what is posted on ASBSecurities website:

Z Energy Limited
ASB Securities have ceased registering interest in the offer, due to significant demand. Clients who have forwarded applications will be contacted as soon as possible to confirm if application was successful.
Applications are being filled on a first in first served basis, and scaling may apply.

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Originally Posted by RRR

Below is what is posted on ASBSecurities website:

Z Energy Limited
ASB Securities have ceased registering interest in the offer, due to significant demand. Clients who have forwarded applications will be contacted as soon as possible to confirm if application was successful.
Applications are being filled on a first in first served basis, and scaling may apply.

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i replied at 9.24 this morning. Cash still in the account so not hopeful.

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Originally Posted by CJ

i replied at 9.24 this morning. Cash still in the account so not hopeful.

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CJ, i replied on friday afternoon. My funds are still in my CMA. I expect a call to say i've been scaled back (much like fonterra).

If i was to ask one question -


Why did Shell sell it ? The answer was in the NZ herald recently!

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Originally Posted by CJ

i replied at 9.24 this morning. Cash still in the account so not hopeful.

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Unlike dealings in already listed securities, I wouldn't expect funds to be automatically debited without applicants first signing application forms.

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Originally Posted by macduffy

Unlike dealings in already listed securities, I wouldn't expect funds to be automatically debited without applicants first signing application forms.

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I use their nominee account. They advised me to have clear funds in the account when I replied.

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Originally Posted by tricha

If i was to ask one question -


Why did Shell sell it ? The answer was in the NZ herald recently!

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i have invested for the yield part of my portfolio, not the growth part.

Quote:

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Originally Posted by noodles

CJ, i replied on friday afternoon. My funds are still in my CMA. I expect a call to say i've been scaled back (much like fonterra).

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I submitted my ASB securities application form at 5.42 Pm ( PDF & email letter) on Fri afternoon. Yesterday they confirmed they received it and will be allocating this morning in order of received. He would not be drawn on scaling when asked "will we get what we wanted". Money still in CMA at present time.

I have not applied for any but significantly ASB Securities have not sought interest from me so I think this float will be well filled and scaling to be severe.

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Originally Posted by kiwitrev

I have not applied for any but significantly ASB Securities have not sought interest from me so I think this float will be well filled and scaling to be severe.

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They closed off to new applications after 2 days, with 10 days still to go per the timetable, so yes, there is a lot of interest.

Hmm. Same here, ASB would not say whether or not I will be scaled as of today.

Nothing that you can do now.. Sit back and relax..

Disc. Did not apply..