Wynyard Group capital raising?

**sb9** · 10-06-2015, 09:52 AM

Originally Posted by winner69

sb9 - You should ask scooter why he was able to participate in the big round yesterday (see his post) while you have to wait to in line to get the crumbs

Not too concerned about that Winner as the current holders charged as per below'

"The price of shares offered through the SPP will be the lower of $1.79, being the institutional placement price, or the average closing price of the five days prior to and including the closing date of the SPP".

**Harvey Specter** · 10-06-2015, 10:34 AM

Originally Posted by sb9

Not too concerned about that Winner as the current holders charged as per below'

The issue with the SPP is scaling. There are over 3500 shareholders per the last report so if they all apply and get an equal amount, the most you will get is $1.4k worth, not the $15k max.

Sam did participate in the capital raising which is a big sign of support from him.

**Harvey Specter** · 10-06-2015, 01:35 PM

Originally Posted by snapiti

yes scaling will be huge........so I just topped up on market @ $1.79 to avoid scaling.....now more SPP to go round....thanks snaps....you are welcome.

Surprised it dropped that far. Would have though it would have retained a small margin over the issue price.

The small benefit of the SPP is we can wait to see if the overhang from the placement goes away. Major downside is locking up cash that will just be refunded once oversubscribed.

**000831** · 10-06-2015, 04:19 PM

If I purchase WYN.NZX today, still having chance to join the ASX IPO float? Sorry not familiar with the IPO procedure.

**BlackPeter** · 10-06-2015, 05:27 PM

Originally Posted by 000831

If I purchase WYN.NZX today, still having chance to join the ASX IPO float? Sorry not familiar with the IPO procedure.

Not sure I understand the question ... what do you mean with "joining the ASX IPO share float"? If you hold WYN shares AND IF WYN floats its shares on the ASX (which they didn't yet, but plan to), than yes, your shares will feel any impact from this share float on the share price - ie. they might go up (or less likely down) depending on demand on the ASX.

Just thinking about other dual listed companies - and the effect of dual listings is not always positive:
ATM listed recently on ASX and the SP saw a short blip and than was back where it came from,
SUM listed some years ago on ASX, was basically a non event except additional listing costs for the company,
OHE is double listed ... and I am not sure, whether the double listing is an advantage for them ... the SP seems to tank anyway.

**lastmoa** · 11-06-2015, 01:49 PM

The new Wynyard news released today seems to be flying under the radar, whilst the SPP timeline rolls along. Would expect the markets to keep the SP close to the $1.80's but also think that maybe the market doesn't really understand the significance of this IT-related news.http://www.zdnet.com/article/motorol...ime-analytics/

This partnership with Motorola Mobility (m/cap $12billion) will help Motorola's law enforcement agencies to incorporate Wynyard's solution into their IT architecture (be that databases, libraries, etc). All in all good news.