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13-09-2017, 03:52 PM
#1611
Member
This stinks . Small shareholders miss out again
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13-09-2017, 03:55 PM
#1612
Originally Posted by horus1
This stinks . Small shareholders miss out again
How so? You get a chance to pick some up at $3.02.
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13-09-2017, 03:57 PM
#1613
Originally Posted by percy
A placement is where,in this case, broker UBS says they will place $25mil of shares to their clients.If they can't place them, UBS takes them.
SPP is to existing shareholders.
I rang Craigs this morning and said I would take X amount should UBS offer them any.I doubt they will,but you never know.Always pays to be "well positioned."
Thanks Percy. That's clear.
Well.....I won't be that well positioned then ! As I don't think UBS will call me, that's for sure. Not really wanting anymore so will probably sell any extra I manage to get.
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13-09-2017, 04:26 PM
#1614
Originally Posted by JeremyALD
Everyone gets the same. For example if I apply for 15k and you apply for 15k and we are scaled back 50% due to oversubscriptions we'll both get 7.5k worth of shares. If you applied for 5k you'll get 2.5k
cool thanks for the explanation.
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13-09-2017, 04:44 PM
#1615
Member
Originally Posted by JayRiggs
cool thanks for the explanation.
Don't think the explanation is correct
The presentation says
Subject to demand, scaling to be pro rata based on shareholding as at the Record Date
If 1 shareholder owns 10,000 and another owns 1,000 then the 1st shareholder will get 10 times as many if pro rata applies
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13-09-2017, 05:03 PM
#1616
Originally Posted by Not too Flash
Don't think the explanation is correct
The presentation says
Subject to demand, scaling to be pro rata based on shareholding as at the Record Date
If 1 shareholder owns 10,000 and another owns 1,000 then the 1st shareholder will get 10 times as many if pro rata applies
Thank you, that is nice to know, because I've been buying the past few weeks around 3.40, so I'll be allowed to have a little bit more!
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13-09-2017, 05:15 PM
#1617
Originally Posted by percy
The more I think about this SPP, instead of a rights issue,I keep thinking it has been done in a hurry.
Why then????
Bond debt covenants at the point of being breached? TRA have to move fast to satisfy those greedy backing bankers!
Originally Posted by horus1
This stinks . Small shareholders miss out again
But there is a possibility here that large shareholders miss out as well. (I say possibility because I don't know if the existing large shareholders are either:
1/ taking part in the share placement OR
2/ underwriting the share placement
)
One reason for not doing a straight rights issue could be that one or more of the existing large shareholders does not support such an issue!
SNOOPY
Last edited by Snoopy; 13-09-2017 at 08:57 PM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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13-09-2017, 06:08 PM
#1618
Originally Posted by JayRiggs
Thank you, that is nice to know, because I've been buying the past few weeks around 3.40, so I'll be allowed to have a little bit more!
Ahh sorry I thought it was the same as the heartland bank SPP a little while back
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14-09-2017, 07:32 AM
#1619
Originally Posted by Snoopy
)
One reason for not doing a straight rights issue could be that one or more of the existing large shareholders does not support such an issue!
SNOOPY
Thanks for your post.
I think this could be the reason,along with the fact a rights issue would not achieve their stated object of improving the "free float".
Last edited by percy; 14-09-2017 at 07:56 AM.
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14-09-2017, 08:46 AM
#1620
Originally Posted by Paper Tiger
Yeah, done that, send komodo crypto-coins and I will send result .
And for everybody else I get an EPS increase range of 2.9% to 10.0%.
Obviously there is a bit of a 'margin of error' on those figures.
Best Wishes
Paper Tiger
The "margin of error" will be greatly affected by the quality and quantity of further either car yard acquisitions,or roll out of Buy Right cars.
Both the Turners and Buy Right brands make further roll outs easier.
TRA have the capital to develop their own sites,and with finance and insurance systems already in place, any new outlets should be profitable from their first day of trading.
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