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Thread: Ift

  1. #2361
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    Quote Originally Posted by winner69 View Post
    Going to take over Sky TV many reckon
    Hope not, but would have some possible synergies with vodafone

  2. #2362
    always learning ... BlackPeter's Avatar
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    .. and down she goes ...

    While it is still early days - MA 200 is at $4.73. SP dropped last week under this line, tried to recover on Friday but didn't quite make it. Down again today.

    Sure - just one TA signal, but ignore at your peril ... feels there might be anyway too many fees and hype baked into today's share price.
    Last edited by BlackPeter; 29-06-2020 at 10:23 AM. Reason: Oops - MA200 is obviously $4.73 - corrected.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  3. #2363
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    Looks like we get the SPP shares at 4.65, but likely to be scaled back pretty heavily as 2.6x oversubscribed.

    https://www.nzx.com/announcements/355430

  4. #2364
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    Looked like SP was manipulated down to get cheap shares ?

  5. #2365
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    Quote Originally Posted by kiora View Post
    Looked like SP was manipulated down to get cheap shares ?
    Lets hope it gets manipulated the other way as well.

  6. #2366
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    Quote Originally Posted by Mogul View Post
    Seems unlikely. Institutional raise of $250 m had already been completed. Don’t think retail shareholders could manipulate price down or materially benefit from it given $50,000 cap per shareholder and likely scaling. SPP only $50 m.

    More likely that Institutions who bought up large in hope of quick gain decided to exit overweight positions without the profit they hoped for in my view.
    Could have been done retail investors selling existing share and hoping to replenish then with cheaper SPP shares too. Risky with potential scaling though.

  7. #2367
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    Was a bit worried I had applied for more than I really wanted so not too unhappy about the scaling.

  8. #2368
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    Competing offers for Australian Renewables player Infigen Energy puts interesting perspective on Tiltís valuation.

    Also, what are the odds on IFT wading in with a competing offer with their half billion of cash as a down payment? Having said that, not exactly Morrison & Co.s modus operandi to publicly scrap over investment acquisitions rather than concluding a deal behind closed doors.

  9. #2369
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    That was disappointing, I only got 11% more shares in the capital raise.
    Was anyone different to that?

  10. #2370
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    Quote Originally Posted by freddagg View Post
    That was disappointing, I only got 11% more shares in the capital raise.
    Was anyone different to that?
    Yes disappointing I received 18% in the CR

  11. #2371
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    Quote Originally Posted by freddagg View Post
    That was disappointing, I only got 11% more shares in the capital raise.
    Was anyone different to that?
    Received ~11.5% more as well. Applied for the maximum amount.

    A little disappointed with the scaling, is there information on the methodology?

  12. #2372
    Junior Member teabag's Avatar
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    Same here across 3 different applications for different amounts, 11.38% for all three.

  13. #2373
    Junior Member teabag's Avatar
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    Same here across 3 different applications for different amounts, 11.38% for all three. Didn't apply near the max for any of them. My guess you initially got the minimum of what you bid or 11.4%

  14. #2374
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    Quote Originally Posted by teabag View Post
    Same here across 3 different applications for different amounts, 11.38% for all three.
    Oh, for the good old manual calculation days for such issues when one had a good chance of scoring with all three!


  15. #2375
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    If it makes people feel any better, I applied for $30k, but only got $423 (91 shares)

    i.e. 1.4% of application, and like other people, 11.4% of my holding. (801 shares)

    .

  16. #2376
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    Quote Originally Posted by Chickens View Post
    If it makes people feel any better, I applied for $30k, but only got $423 (91 shares)

    i.e. 1.4% of application, and like other people, 11.4% of my holding. (801 shares)

    .
    Oh my, that's some scaling.

  17. #2377
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    Quote Originally Posted by dreamcatcher View Post
    Yes disappointing I received 18% in the CR
    My bad appears I have the same as others 11.4% if calculated from record date

  18. #2378
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    That would make sense, IFT issued just over 10% more shares through the equity raising (around 60 million new shares and existing shares on issue was 660 million). To maintain your same % shareholding in the company following the raise you would expect to receive around 10% of your existing shareholding.

  19. #2379
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    I'm on 11% too. The offer was pretty clear it would be scaled based on holdings so not too surprised - I optimistically put in enough to add 50% to my holdings but sounds like some of you were even more optimistic than me.

  20. #2380
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    Absolutely meaningless amount, am quite annoyed about this. What was the point of having this retail rating if they are not going to give people a sensible number of shares. Tied up 50k for weeks just for a few shares, pointless. Maybe that was their plan to skim off all the interest

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