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04-03-2013, 04:48 PM
#111
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04-03-2013, 04:54 PM
#112
You would think its a buyers market...$4.10 take it or leave it or on yer trike. Et tu brute.
Originally Posted by Xerof
Bboy, it is in a trading halt, for two days, whilst the broker places the stock with insto's and other clients willing to buy them. Apparently, the price they are being placed at is 4.80 cum divvy.
ATM was similar situation recently, when foundation holders sold down at a discount
seems to be becoming a regular event.....in my language it's called distribution.....
oh yes, and it's the ides of March too
Last edited by BIRMANBOY; 04-03-2013 at 04:56 PM.
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04-03-2013, 05:34 PM
#113
Junior Member
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04-03-2013, 08:38 PM
#114
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04-03-2013, 09:36 PM
#115
Originally Posted by Lotto
Underwritten at $4.80 means underwriters will get as many as possible to pay $4.80.
For a select few (i.e.. hedge funds), they will get a share of the underwriting action - so entry price for them will probably be $4.56 to $4.75 (1% to 5% underwriting fee).
Watch for them to sell out aggressively post placement - as they did with AIA and ATM. Quick in and out.
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05-03-2013, 08:05 AM
#116
Originally Posted by BIRMANBOY
I thought it was on a trading halt? Or did you buy yesterday?
I got them in the Placement BB.
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05-03-2013, 08:17 AM
#117
Junior Member
This may be a silly question but with all the recent sell downs what is the best/ easiest way to be a participant? I currently use direct broking for any share transactions.
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05-03-2013, 08:46 AM
#118
Originally Posted by ace5715
This may be a silly question but with all the recent sell downs what is the best/ easiest way to be a participant? I currently use direct broking for any share transactions.
Be a client, preferably a big client, of the brokerage firm doing the placement/underwriting.
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05-03-2013, 08:54 AM
#119
Originally Posted by CJ
Be a client, preferably a big client, of the brokerage firm doing the placement/underwriting.
Trust me - unless you are an institution, very high net worth individual or incredibly well connected with one of the principals of the brokerage firm, you will get either bugger all or the lousy placements.
Even NZ institutions get left out of the hot placements!
Look at AIA as a prime example. They started offering it to retail investors in the late afternoon after failing to sell down all to the institutions overnight and in the morning. I declined and it proved the correct decision as the hedge funds who bought dumped the stock down to 5 cents below placement price of $2.76. Why? Because they get theirs at the underwritten price of $2.70 or thereabouts. Heads they win, tails you lose.
Hope Sky TV will be different.
Last edited by Balance; 05-03-2013 at 09:06 AM.
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05-03-2013, 09:31 AM
#120
Hope Sky TV will be different.
As with any investment you pay your money and take your chances!
It's always a temptation to take a placement at below market price but first consideration should be the stock itself, ie "Would I buy it without the "discount"?
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