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01-10-2019, 08:19 PM
#971
Member
 Originally Posted by caveman
How can I trade Tower's rights? The NZX posted a notice that they can only be traded on X-stream? I can't seem to trade on the Direct Broking platform. Thanks.
Keen to see this also - I'm a Direct Broking user also.
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02-10-2019, 03:46 PM
#972
Member
Apparently issues resolved... but doesn't seem to be trading on Direct Broking yet - and I'm not willing to guinea pig the first trade!
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02-10-2019, 07:32 PM
#973
Member
Originally Posted by Independent Observer AUNZ
Apparently issues resolved... but doesn't seem to be trading on Direct Broking yet - and I'm not willing to guinea pig the first trade!
What's the dealio for this? Purchase rights for 7c each then purchase the shares at 56c once the rights offer is ended?
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02-10-2019, 08:36 PM
#974
Originally Posted by hogie
What's the dealio for this? Purchase rights for 7c each then purchase the shares at 56c once the rights offer is ended?
That looks like the highest bid there are no sellers so you might need to offer say 10-11c to get a bite.
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02-10-2019, 10:13 PM
#975
Member
Originally Posted by tim23
That looks like the highest bid there are no sellers so you might need to offer say 10-11c to get a bite.
11c will be basically buying at the current share price ... but double brokerage fee ... oh well lets wait and see ...
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03-10-2019, 01:20 PM
#976
Member
Originally Posted by hogie
What's the dealio for this? Purchase rights for 7c each then purchase the shares at 56c once the rights offer is ended?
Yes. They are trading around 9c at the moment. Their value is only the ability to get the "rest" of the share for 56c when the offer ends. At 9c, there is effectively a 1c per share saving on buying the shares as trading now (66c).
Originally Posted by hogie
11c will be basically buying at the current share price ... but double brokerage fee ... oh well lets wait and see ...
I don't think double brokerage - exercising the right shouldn't attract a brokerage fee I wouldn't think?
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03-10-2019, 03:07 PM
#977
Member
Where/How do you apply if you want to take up the rights? Haven't rec'd any comms on it.
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03-10-2019, 03:22 PM
#978
Member
Originally Posted by theace
Where/How do you apply if you want to take up the rights? Haven't rec'd any comms on it.
And just like that, I receive an email!
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03-10-2019, 03:40 PM
#979
The web portal opened around 12pm today, I have taken up my full entitlement (and transferred money) a few moments ago.
I am still surprised the shares trading this cheap (sub 70 cents)
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04-10-2019, 01:26 AM
#980
Considering dip my paw into the waters again:
First time I made lots of money;
Second time I lost some;
Third time ???.
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