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05-03-2021, 03:40 PM
#2091
Big sell just took out all liquidity. That said, happy to join you all as a holder.
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05-03-2021, 03:57 PM
#2092
Sold at $11 bought back in at $6.63
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05-03-2021, 04:14 PM
#2093
Originally Posted by biker
Sold at $11 bought back in at $6.63
Coulda shoulda woulda
I thought long and hard about selling at that price.
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05-03-2021, 04:27 PM
#2094
Yeah, it looks good on its own but I’ve got plenty of those CSW’s as well tango
Last edited by biker; 05-03-2021 at 04:29 PM.
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05-03-2021, 04:43 PM
#2095
Originally Posted by biker
Sold at $11 bought back in at $6.63
Nice!
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05-03-2021, 06:02 PM
#2096
Originally Posted by tango
Yes. Price is calculated as the lower of $7 or 2.5% discount to the volume weighted average market price of Contact shares traded this week. Have to hope for higher volume at lower prices to swing it a lot lower
If the VWA price is $7.00 then $6,82
Looking at the NZX trading data for the week just ended, we had 9,117,157 shares traded for a total value of $63,026,261. This is an average of $6.9129, so less a 2.5% discount would produce a SPP issue price of $6.7401, which will be rounded down to $6.74. Do I have the calculation correct?
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05-03-2021, 07:57 PM
#2097
Originally Posted by Southern Lad
Looking at the NZX trading data for the week just ended, we had 9,117,157 shares traded for a total value of $63,026,261. This is an average of $6.9129, so less a 2.5% discount would produce a SPP issue price of $6.7401, which will be rounded down to $6.74. Do I have the calculation correct?
Take off a further 1.5% brokerage saved and I get $6.64. That means we CSWers (Contact Sharescheme Wallies?) have near enough matched Biker's buy price! The only drawback being, we don't know what percentage of shares we asked for that we got!
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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05-03-2021, 08:03 PM
#2098
Originally Posted by Snoopy
Take off a further 1.5% brokerage saved and I get $6.64. That means we CSWers (Contact Sharescheme Wallies?) have near enough matched Biker's buy price! The only drawback being, we don't know what percentage of shares we asked for that we got!
SNOOPY
why so high brokerage, mine is 0.2%.
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05-03-2021, 08:19 PM
#2099
Originally Posted by Master98
why so high brokerage, mine is 0.2%.
I guess it is because I support a small local full service local broker, and I don't do the grand volume of trades you do oh Master. Or maybe its a case of 'kick the dog.'! Either way, the length of time I tend to hold shares makes the brokerage rate not material in the big picture.
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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05-03-2021, 08:52 PM
#2100
Originally Posted by Snoopy
I guess it is because I support a small local full service local broker,
SNOOPY
lol, I know you are rich, anyway SPP price will be way over $6.64 for other shareholders.
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