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26-02-2019, 10:54 AM
#1181
I have bought my self into the top 10 shareholder and now I am disappointing to build more
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26-02-2019, 11:03 AM
#1182
Originally Posted by NeverQuestion
Yeah, Was looking forward to the earnings announcement and now couldn't careless... Feeling shafted, and a cash cow. After an already depressed share price, We needed better news. Will take a few months for the Share price to bounce back from this I feel.
Market timing is everything. They should have waited for a few good announcements before forcing this onto shareholders.
Gutted.
Hold fast there NQ. These are exciting times. I contend ALF have issued nothing but good announcements over the past many years.
No point in drawing any major conclusions just yet. If ALF want to use the money to buy out some/all of NZFL then I would support that.
A few months is nothing in the scheme of things really.
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26-02-2019, 11:11 AM
#1183
I don’t think they will buy out NZFL. It is part of the plan to gives shares to the agents
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26-02-2019, 11:11 AM
#1184
Originally Posted by golden city
I have bought my self into the top 10 shareholder and now I am disappointing to build more
The request for capital is being made to all existing shareholders. Assuming the timing is right, you may well be in a position to acquire shares at 7-10c each knowing they are worth at least double that.
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26-02-2019, 11:12 AM
#1185
That is why I bought in during the last year it is really undervalued
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26-02-2019, 11:14 AM
#1186
The company has been making excellent progress.
I would very much doubt the board would be raising capital, unless they had something worthwhile in mind.
I look forward to finding out what that is.
However, I hate SPPs and much prefer rights issues.
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26-02-2019, 11:26 AM
#1187
Originally Posted by golden city
That is why I bought in during the last year it is really undervalued
If ALF want to raise $1.5 million and the offer is set right, then irrespective of the share price, the amount you will need to come up with to retain your %age ownership will be the number of shares you hold divided by 161.5 million issued shares x $1.5 million dollars. The $/share you pay is not in the equation.
Last edited by Vaygor1; 26-02-2019 at 11:32 AM.
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26-02-2019, 03:04 PM
#1188
Originally Posted by percy
.... However, I hate SPPs and much prefer rights issues.
I am pretty sure that the maximum entitlement under an SPP in the ASX is A$15,000 per holder.
Do you know if this is the case on the NZX in NZ$ Percy?
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26-02-2019, 03:18 PM
#1189
Originally Posted by Vaygor1
I am pretty sure that the maximum entitlement under an SPP in the ASX is A$15,000 per holder.
Do you know if this is the case on the NZX in NZ$ Percy?
Yes same here,$15,000.
They often have the right to scale applications.
Those holders with large holdings get more;
.ie. a shareholder who holds 2,000 shares who applies for $15,000 worth may get none,while
a shareholder who holds 500,000 + shares will most probably get their whole $15,000 worth.
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26-02-2019, 04:31 PM
#1190
Member
Originally Posted by golden city
Looks like Alf is on a acqusition model after 1.5m
If it is another finance company I'm walking... %Cough% Han(g)over Finance %Cough%.
I promise to be more positive now
Hopefully an excellent announcement coming up!!!
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