You are right ... a renounceable rights issue would have been much fairer. I think it as well appropriate to communicate this to the board. Feel free to send them a friendly message - or tell them next AGM. I am trying to get the NZSA interested to raise this with HBL ... and definitely intend to raise it at the next AGM (which is however still 9 months away ..).
Care guys...I would guess most on here (other than Percy perhaps) would be classified as small share holders. So we get an advantage with this type of blanket 15K allocation.
I'm quite happy with the system.
Hey guys, im planning on participating in this SPP. Quick question, does the standard cash management account that ASB offer with their sharetrading accounts allow a direct debit payment for SPPs? I cant say I've ever used it for anything but buying shares online.
Yes, I asked them that very question this afternoon
Well I got through straight away. saints be praised. Link didn't have me down to receive email for HBL just for my other holdings I'm not quite sure why but as a result they are sending the information out to me snail mail but that'll be fine as I won't be putting in my application until March anyway.
Perhaps the same for me. Snail mail was always on its way or as a result of your call?
Currently have a small holding (big for me) and don't have $15k sitting around. Don't want to sell other shares either. Seems like best option for me would be to sell my HBL shares and use the money for the offer. Dilution would mean I end up with less and would have to spend the amount I get back on something though.
Currently have a small holding (big for me) and don't have $15k sitting around. Don't want to sell other shares either. Seems like best option for me would be to sell my HBL shares and use the money for the offer. Dilution would mean I end up with less and would have to spend the amount I get back on something though.
Matthew be happy that you hold some HBL,don't be greedy.
If you don't have any spare money, forget the SPP.
I usually have a bit of rainy day money at hand,and that's what I will be using [if the wife has not cleaned it out already.!].
Bookmarks