AFT Pharmaceuticals

[trader_jackson]

wow this is far stronger than what I was expecting! I only applied for about a third more of my total holding... and maybe I won't even get all of mine...

Not sure of how many other SPP's have been 5x oversubscribed (particularly with such a small shareholder base).

ll be intriguing to see if directors were buying into the SPP.

[tango]

My cost price for my shareholding was only $2 so I am not worried if I don’t get all that I apply for given it’s almost double my original cost 🙂

[Poverty]

The value of SPP is very small so it's easy to be oversubscribed imo.

[MarineSalvage]

Darn - I had applied for a largish parcel - but looks like I'll get 1/5 of that at best... sigh

But it is nice to see the demand

[macduffy]

wow this is far stronger than what I was expecting! I only applied for about a third more of my total holding... and maybe I won't even get all of mine...

Not sure of how many other SPP's have been 5x oversubscribed (particularly with such a small shareholder base).

ll be intriguing to see if directors were buying into the SPP.

Hardly surprising seeing that the issue was for a very modest $2m? Seems we'll get most of our money back.

[tango]

I will be interested to see how many people applied. I was New Zealand #360 at 5:30pm on closing day but maybe 1000 Aussies applied.

Having said that if the average application was $30k then $9.8m is only 326 applications.
If the average application was $20k then $9.8m is only 490 applications.

I will be interested to know the average application amount. I only applied for enough to match my existing shareholding. After AIA I learned to put in a modest bid and not tie $$$ up for 2 weeks while they muck around.
'

[Pegasus2000]

https://investors.aftpharm.com/Downl...701/325591.pdf

1,554 AFT shareholders applied under the SPP with an average application of approximately NZ$6,306.00

[trader_jackson]

According to the annual report, as at 30 April, there were 1337 shareholders... 1554 shareholders have applied, meaning over 200 people have become extra shareholders between 30 April and 9th of June, and it would sound like virtually every single shareholder applied - unprecedented support given the relatively small SPP (not exactly discounted by a huge amount either).

Surprised the share price is under $4 still

[tango]

According to the annual report, as at 30 April, there were 1337 shareholders... 1554 shareholders have applied, meaning over 200 people have become extra shareholders between 30 April and 9th of June, and it would sound like virtually every single shareholder applied - unprecedented support given the relatively small SPP (not exactly discounted by a huge amount either).

Surprised the share price is under $4 still

That's super interesting. Thanks for digging that out.

If you bought at over $4 it's a bargain. I bought at around $2 so for me it's just a top up of a value share. Not much of a moat as the products are generic but a well run company that understand the business.

[tango]

Has anyone checked their account yet to see if allocations have been made? I can’t access mine right now but I plan to check in an hour