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  1. #881
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    Any idea of buy-in price for SPP? ... haven't seen anything, and the offer website doesn't have any details yet (scheduled for release on Monday).

  2. #882
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    Quote Originally Posted by theace View Post
    Any idea of buy-in price for SPP? ... haven't seen anything, and the offer website doesn't have any details yet (scheduled for release on Monday).

    SkyCity intends to offer the SPP to eligible existing shareholders with a registered address in New Zealand and Australia, enabling them to subscribe for up to $50,000/A$47,000 of new SkyCity shares. The SPP offer size is $50 million (with no oversubscriptions) and theoffer price of these shares will be the lower of the Placement offer price of $2.50 and a 2.5% discount to the five-day VWAP of SkyCity shares traded on the NZX during the last five days of the SPP offer period. If scaling of the SPP is required, it will be done with reference to the shareholders' existing shareholdings at the record date of 16 June 2020 and otherwise at SkyCity’s discretion.

    Going by current price trend and huge demand, its probably safe to assume that SPP price will be same as instos at $2.50 a piece.
    Last edited by sb9; 19-06-2020 at 01:11 PM.

  3. #883
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    Quote Originally Posted by sb9 View Post


    Going by current price trend and huge demand, its probably safe to assume that SPP price will be same as instos at $2.50 a piece.
    ...there's a curious recurring theme with these capital raisings (IFT is latest) where the share price dips to a cent or three below the placement price before scurrying up again just in time to ensure the final retail price isnt discounted... almost by design...

  4. #884
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    yes we under estimated the KMD demand and only took our allotment.. made profit but really should have bought the farm... the market is loving it. Probably because the amount raised wasnt as bad as expected? really there is appear to be some very very popular stocks and the market including all new investors have decided these business are a once in a life time price... but after many many years of transactions passing under the bridge there appears to always be another once in a life time event to effect prices as some outline on another thread back to 1987... and before 1933...

    big day 15 million ... market loves it !!!!
    Last edited by Waltzingironmansinlgescul; 19-06-2020 at 05:02 PM.

  5. #885
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    Offer is now live and I've bought in. In 2025 this will look very cheap, this is a great buy and hold at this price.

  6. #886
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    Quote Originally Posted by Norwest View Post
    Offer is now live and I've bought in. In 2025 this will look very cheap, this is a great buy and hold at this price.
    When you are cheap, what will the share price be approximately in January 2025....
    Bye Bye BUy

  7. #887
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    possible somewhere over 4. It depends on china's relationship to australia but 4 would be if all is not well.

  8. #888
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    Very nice 4 in front is better than 2 or 1 in front.
    Bye Bye BUy

  9. #889
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    Quote Originally Posted by dibble View Post
    ...there's a curious recurring theme with these capital raisings (IFT is latest) where the share price dips to a cent or three below the placement price before scurrying up again just in time to ensure the final retail price isnt discounted... almost by design...
    Confirmation of the first part of the dibble theory. SKC drops to $2.49 today, 1c below the share issue price. Still I have my request into the offer hoping to fill my boots. Looks like I might get my wish?

    Quote Originally Posted by sb9 View Post
    theoffer price of these shares will be the lower of the Placement offer price of $2.50 and a 2.5% discount to the five-day VWAP of SkyCity shares traded on the NZX during the last five days of the SPP offer period.
    Last five days of share price plan offer period are 29th June, 30th June, 1st July, 2nd July and 3rd July. Despite the close, the vwap for 29th June was 252.56. Yet a 2.5% discount off that brings it down to $2.46. Good for small shareholders who have applied through the share purchase plan if this price heads lower?

    SNOOPY
    Last edited by Snoopy; 29-06-2020 at 07:23 PM.
    Industry shorthand sees BNZ employees still called 'bankers' but ANZ employees now called 'anchors'. Westpac has opted out of banking industry shorthand...

  10. #890
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    well Snoopy any reason we wont see 2.40? or will the newbie share investors see out 5 years and push the price back to 3 dollars?

  11. #891
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    Quote Originally Posted by Waltzingironmansinlgescul View Post
    well Snoopy any reason we wont see 2.40? or will the newbie share investors see out 5 years and push the price back to 3 dollars?
    There you go.

    Closed today at $2.39 on 12.7m total traded volume!

  12. #892
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    Well.Balance.. i havnt got the reflation entity up and running yet!!! does snoopy want to recalc the average now?

    market finally starting to make some sense... even though the FED is at the ready...should give the newbie a bit of something to think about it they bought over 3... still they can always buy another 50,000 worth...if they can get them... after all if snoopy is buying ...

    just checking my notifications... really i think we need something that is for investors... a whole new type of private site..a dark pool investor site..
    Last edited by Waltzingironmansinlgescul; 30-06-2020 at 05:10 PM.

  13. #893
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    Quote Originally Posted by Balance View Post
    There you go.

    Closed today at $2.39 on 12.7m total traded volume!
    I think the sell off must've been due to govt pulling the plug on APEC summit 2021 which will be now virtual/online event.

  14. #894
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    Quote Originally Posted by sb9 View Post
    I think the sell off must've been due to govt pulling the plug on APEC summit 2021 which will be now virtual/online event.
    The ICC will not be constructed in time anyway.

    Itís something else I think. Thatís big volume!

  15. #895
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    Combination of factors but the slightly bigger vols might be everything from

    USA flare up

    WHO saying its just getting started.

    Victoria flare up

    Government saying all the procedures and systems are not in place yet for bubble expansion.

    Comments today from our group members today were they feel the execution of step by step detailed border and isolation procedures were not as they expected.


    If the basics of that saga did not get a tick from professional instos then investors may feel the next step will not according to plan either and hit the button.

  16. #896
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    Quote Originally Posted by Waltzingironmansinlgescul View Post
    Combination of factors but the slightly bigger vols might be everything from

    USA flare up
    WHO saying its just getting started.
    Victoria flare up
    Government saying all the procedures and systems are not in place yet for bubble expansion.
    Comments today from our group members today were they feel the execution of step by step detailed border and isolation procedures were not as they expected.
    .
    On the contrary, AIA went up 2.18% with good volume.

  17. #897
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    AIA has never been a stock that reacts like SKC. The two stocks have nothing in common and SKC will always react in far more extreme ways.

  18. #898
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    Quote Originally Posted by Balance View Post
    The ICC will not be constructed in time anyway.

    Itís something else I think. Thatís big volume!
    End of FY selling perhaps to window dress...

  19. #899
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    Quote Originally Posted by sb9 View Post
    End of FY selling perhaps to window dress...
    Ah - I think you are right.

    Maybe not just window dressing but locking in tax losses as well for the Aussies.

  20. #900
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    Quote Originally Posted by Balance View Post
    Ah - I think you are right.

    Maybe not just window dressing but locking in tax losses as well for the Aussies.
    Yes, that's what I was meant to say to claim EOY tax losses.

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