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  1. #41
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    Percy SPP arrived even though I sold all my shares. Only problem now is the decision to participate is far from straight forward. Would appreciate anyone's research and thoughts...?

  2. #42
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    This is complex, the more I read the more I'm unsure. Will we get an update from ONC management? They must be stressing.

  3. #43
    percy
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    Quote Originally Posted by NZSilver View Post
    Percy SPP arrived even though I sold all my shares. Only problem now is the decision to participate is far from straight forward. Would appreciate anyone's research and thoughts...?
    I sold 1500 and retained my other holding of 500.
    I received entitlements for both on Saturday.
    SPP closes on 8/12/2015.
    At this stage I see the only profit will be in taking up the entitlements and selling straight away.
    I am not very keen on that short term type trade.I would prefer to buy at a SPP price, and hold long term.
    Most farming stocks trade at a big discount to NTA,so paying a premium does not appeal to me,so I will not be taking part in the SPP.The TFL was 38 cents on Friday.So once the spp is out of the way,what will the sp be?My guess is it will be near 30 cents.So the chance of a 20% profit comes at a big risk.Maybe the sp will go closer to 19 cents? 19cents would be the same sort of discount REL[unlisted NZ] trades at.

  4. #44
    percy
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    I am having second thoughts.Today TFL are trading at 45.5 cents and the SPP is at 25cents.
    Looks to be well worth the risk.
    Maybe I am not seeing something?

  5. #45
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    Quote Originally Posted by percy View Post
    I am having second thoughts.Today TFL are trading at 45.5 cents and the SPP is at 25cents.
    Looks to be well worth the risk.
    Maybe I am not seeing something?
    Yeh tricky one huh Percy, possibly this announcement yesterday -
    http://www.asx.com.au/asxpdf/2015120...9gkt0kd9yw.pdf

    see what tomorrow brings re court, then make a decision afterwards.. tricky

  6. #46
    Super Investor
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    Gold Coast
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    Quote Originally Posted by percy View Post
    I am having second thoughts.Today TFL are trading at 45.5 cents and the SPP is at 25cents.
    Looks to be well worth the risk.
    Maybe I am not seeing something?
    Yeah I've placed it in Santas IPO bag.
    Just another gamble.
    .....but remember who started this thread.
    h2

  7. #47
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    Sep 2004
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    Auckland, , New Zealand.
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    Wasn't SPP announced well before proposed purchase of VDL ? If so there should still be value there at 25 cents.
    Even if they lose the court case, apart from legal fees & wasted time/effort the company has lost no significant assets.

  8. #48
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    43 c but will it hold. to SPP or not?

  9. #49
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    Quote Originally Posted by NZSilver View Post
    43 c but will it hold. to SPP or not?
    Personally I'm going in . I appreciate things ran ahead of fair value recently . However they need this SPP money for the previous purchase . I suppose we are backing the team here so
    I am happy to see what happens. Obviously there could be a lot of milk under the bridge depending upon the outcome of the VDL legal appeal.....

  10. #50
    percy
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    Quote Originally Posted by stoploss View Post
    Personally I'm going in . I appreciate things ran ahead of fair value recently . However they need this SPP money for the previous purchase . I suppose we are backing the team here so
    I am happy to see what happens. Obviously there could be a lot of milk under the bridge depending upon the outcome of the VDL legal appeal.....
    I decided in the end I did not want to be a dairy farm owner.!!
    Going by the sp strength it looks as though people taking part in the SPP will do very well.
    The disappointment to me was I ended up with two entitlements.
    Don't know whether its Murphy's Law or Sod's Law??...lol.

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