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  1. #18041
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    Quote Originally Posted by BigBob View Post
    He was talking about ATM...
    Cheers bob.you beat me to it!

  2. #18042
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    Quote Originally Posted by nevchev View Post
    We were talking about ATM
    Great, thought that I had missed something.

  3. #18043
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    Quote Originally Posted by bibbidybop View Post
    I think nev was referring to ATM
    Cheers bibbidybop.Is their ASM televized?
    Last edited by nevchev; 30-07-2020 at 01:56 PM.

  4. #18044
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    Quote Originally Posted by nevchev View Post
    Cheers bibbidybop.Is their ASM televized?
    Looks to be online, the following is from their notice.

    Notice is hereby given that the 2020 Annual Shareholders’ Meeting of Pacific Edge Limited willbe held online at http://www.virtualmeeting.co.nz/peb2020 on Wednesday 5 August 2020,commencing at 3.00pm.

  5. #18045
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    ... deleted
    Last edited by tango; 30-07-2020 at 04:14 PM.

  6. #18046
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    Quote Originally Posted by bibbidybop View Post
    Looks to be online, the following is from their notice.

    Notice is hereby given that the 2020 Annual Shareholders’ Meeting of Pacific Edge Limited willbe held online at http://www.virtualmeeting.co.nz/peb2020 on Wednesday 5 August 2020,commencing at 3.00pm.
    Thanks for that

  7. #18047
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    does the total number of shares get diluted? AMP bought more shares but percentage down to 4.74% from 5.50%.

    http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/PEB/357168/327427.pdf

    AMP Capital Investors (New Zealand) Limited
    For last disclosure,
    --(a) total number held in class: 25,644,970
    (b) total in class: 466,321,801
    (c) total percentage held in class: 5.50%
    For current holding after ceasing to have substantial holding,
    (a) total number held in class: 34,330,651
    (b) total in class: 724,143,563
    (c) total percentage held in class: 4.74%
    Details of transactions and events giving rise to ceasing of substantial holdingDetails of the transactions or other events requiring disclosure: Purchase of 8,685,681 Shares. between 01-Mar-2018 and 28-Jul-2020

  8. #18048
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    Bit confused by this
    https://www.nzx.com/announcements/357168
    Didnt check the dates.AMP have increased their holding by 9m or so.All good
    Last edited by nevchev; 31-07-2020 at 08:56 AM.

  9. #18049
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    Quote Originally Posted by nevchev View Post
    Bit confused by this
    https://www.nzx.com/announcements/357168
    Didnt check the dates.AMP have increased their holding by 9m or so.All good
    Suspect that the law of unintended consequences has struck.
    It may be the result of the 33 million increase in ANZ holdings that has changed AMP from having a substantial holding (over 5%) to not having a SSH( less than 5%) despite the purchase of more shares.

    Since the date of last disclosure in March 2018 there have been several capital raisings and each time AMP may have participated but not getting enough to maintain the 5.5% and has been inching down slowly towards 5%
    ANZ suddenly stumping up for 33 million new shares may have dropped their percentage below the 5% threshold.
    Will be interesting to see if they are keen to resume their former status by buying even more thereby precipitating another disclosure notice.
    Last edited by Minerbarejet; 31-07-2020 at 11:06 AM.

  10. #18050
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    Quote Originally Posted by Pegasus2000 View Post
    does the total number of shares get diluted? AMP bought more shares but percentage down to 4.74% from 5.50%.

    http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/PEB/357168/327427.pdf

    AMP Capital Investors (New Zealand) Limited
    For last disclosure,
    --(a) total number held in class: 25,644,970
    (b) total in class: 466,321,801
    (c) total percentage held in class: 5.50%
    For current holding after ceasing to have substantial holding,
    (a) total number held in class: 34,330,651
    (b) total in class: 724,143,563
    (c) total percentage held in class: 4.74%
    Details of transactions and events giving rise to ceasing of substantial holdingDetails of the transactions or other events requiring disclosure: Purchase of 8,685,681 Shares. between 01-Mar-2018 and 28-Jul-2020
    Their last disclosure was in 2018 when there were less shares.Good to see them buying more.Another vote of confidence
    Last edited by nevchev; 31-07-2020 at 11:05 AM.

  11. #18051
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    yes, ANZ 33 million might be the cause of AMP percentage drop to 4.74% as Minerbarejet mentioned. Cheers.

  12. #18052
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    Quote Originally Posted by Pegasus2000 View Post
    yes, ANZ 33 million might be the cause of AMP percentage drop to 4.74% as Minerbarejet mentioned. Cheers.
    No.If you look at their last disclosure there were 466m(2018)There is now 724m thus they have less than 5%

  13. #18053
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    Quote Originally Posted by nevchev View Post
    No.If you look at their last disclosure there were 466m(2018)There is now 724m thus they have less than 5%
    If they had more than 5% with 466m in 2018, and they now have 724m, then more shares (the 33m allocated to ANZ) have to have been issued for them to drop below 5%. I believe those extra issued shares are the cause of the disclosure from AMP

  14. #18054
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    Several capital raisings since 2018 that AMP have not participated in that brought the total to 691m and AMP maintaining an over 5% holding to the point where ANZ splashed out.

  15. #18055
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    Quote Originally Posted by clip View Post
    If they had more than 5% with 466m in 2018, and they now have 724m, then more shares (the 33m allocated to ANZ) have to have been issued for them to drop below 5%. I believe those extra issued shares are the cause of the disclosure from AMP
    5% and having 466m would mean peb would have nearly 10 billion shares on issue😕

  16. #18056
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    Quote Originally Posted by nevchev View Post
    5% and having 466m would mean peb would have nearly 10 billion shares on issue
    Whoops.. total shares 466 > 724. Their holdings were 25m > 34m

    -(a) total number held in class: 25,644,970
    (b) total in class: 466,321,801
    (c) total percentage held in class: 5.50%
    For current holding after ceasing to have substantial holding,
    (a) total number held in class: 34,330,651
    (b) total in class: 724,143,563

  17. #18057
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    Quote Originally Posted by clip View Post
    Whoops.. total shares 466 > 724. Their holdings were 25m > 34m

    -(a) total number held in class: 25,644,970
    (b) total in class: 466,321,801
    (c) total percentage held in class: 5.50%
    For current holding after ceasing to have substantial holding,
    (a) total number held in class: 34,330,651
    (b) total in class: 724,143,563
    Your on to it
    Suspect trading in the arvo,s.Who sells into 200,000 bid when only 35,000 on offer?
    Last edited by nevchev; 31-07-2020 at 02:49 PM.

  18. #18058
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    Another thing that should be considered is that others may have been accumulating up to a point just below 5%. This would drop the percentage ratios elsewhere too.
    I would suggest that this pretty well says that there has been quite a considerable amount of accumulation elsewhere if a holding percentage drops by that amount despite accumulation of their (AMP) own.
    Last edited by Minerbarejet; 31-07-2020 at 03:03 PM.

  19. #18059
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    Quote Originally Posted by Minerbarejet View Post
    Another thing that should be considered is that others may have been accumulating up to a point just below 5%. This would drop the percentage ratios elsewhere too.
    If the number of shares on offer remained constant it wouldnt matter who held what %.It wouldnt have changed AMPs %

  20. #18060
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    But that is precisely the point, the number of shares have not remained constant and with every new issue via placements or CR the percentages will change.
    Dilution.

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