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18-10-2017, 12:36 PM
#15861
Originally Posted by blackcap
I suppose with their underwriters fee of $2 million?? (don't know how much it is but presume it would have to be a lot, can someone clarify) they would have a bit of a buffer if things turned south. Still they could end up with a lot of stock that they do not really want. Does the house hold the stock as a long term investor or will they be looking to sell it all and get rid of it?
https://www.nzx.com/files/attachments/267919.pdf
Some interesting conditions imposed under 7. Underwriting Agreement - eg. FNZC obviously do not want any further issue of shares to leave the way clear for 6 months in any shape or form by PEB in case they get caught with stock.
Underwriting fee of 1.5% ($319,500) plus management fee (within range, they say, of deals of this type?).
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18-10-2017, 02:10 PM
#15862
Originally Posted by Balance
https://www.nzx.com/files/attachments/267919.pdf
Some interesting conditions imposed under 7. Underwriting Agreement - eg. FNZC obviously do not want any further issue of shares to leave the way clear for 6 months in any shape or form by PEB in case they get caught with stock.
Underwriting fee of 1.5% ($319,500) plus management fee (within range, they say, of deals of this type?).
You think the management fee will be $1.7m? Only way it will get to the $2m underwriting fee that seems to have been tossed around here.
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18-10-2017, 02:18 PM
#15863
Originally Posted by blackcap
I suppose with their underwriters fee of $2 million?? (don't know how much it is but presume it would have to be a lot, can someone clarify) they would have a bit of a buffer if things turned south. Still they could end up with a lot of stock that they do not really want. Does the house hold the stock as a long term investor or will they be looking to sell it all and get rid of it?
If 2015 rights shortfall trading is any indication, FNZC will hold the stock and then, trade the stock out - as in buying shares (when appropriate) and selling shares (especially when there are positive announcements).
https://www.nzx.com/files/attachments/216091.pdf
Fun and games ahead!
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18-10-2017, 04:03 PM
#15864
Originally Posted by Balance
If 2015 rights shortfall trading is any indication, FNZC will hold the stock and then, trade the stock out - as in buying shares (when appropriate) and selling shares (especially when there are positive announcements).
https://www.nzx.com/files/attachments/216091.pdf
Fun and games ahead!
Yes exactly. Fun and games to be had with this one. I wonder how many "positive announcements" PEB can engineer.
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18-10-2017, 04:39 PM
#15865
Obviously TIN people don’t take into account bad debts when counting revenues
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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18-10-2017, 07:27 PM
#15866
Originally Posted by winner69
Obviously TIN people don’t take into account bad debts when counting revenues
I think “are the Tin awards adding value to any company”?
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18-10-2017, 07:30 PM
#15867
Originally Posted by Ggcc
I think “are the Tin awards adding value to any company”?
They are really just one of these vanity award schemes
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18-10-2017, 08:35 PM
#15868
Originally Posted by minimoke
They are really just one of these vanity award schemes
I see Plexxxure was included in the top 10 hot emerging companies in 2016 (along with PEB) but PLX wisely chose not to publicize last year.
Says something about the award?
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18-10-2017, 08:39 PM
#15869
Originally Posted by blackcap
Yes exactly. Fun and games to be had with this one. I wonder how many "positive announcements" PEB can engineer.
Well, positive announcement on being a top 10 hot emerging company lifted the sp by 1.8%.
Was actually more but a seller dumped 260,000 shares (33.5c) at the close so poor ole underwriter must have been rather miffed after massaging the sp at 34c whole day?
Guess the seller is happy to gain 1.5c arbitrage on 32c? That's $3,900 - buys a couple of new iPhone X anyway.
Underwriter will be pleased they do not have to take 260,000 shortfall from this seller - but then, they have just given away their underwriting fee (and more) supporting this trade?
Last edited by Balance; 18-10-2017 at 08:45 PM.
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19-10-2017, 09:37 AM
#15870
Love the way the (presumably) underwriter is trying to dress up the depth?
Buyer at 34.5c - for 13,000 shares! May just scare away the sellers, see?
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