Wynyard Group capital raising?

[sb9]

Will be applying for my full rights but pleased I topped up this week as scaling will be huge.
Top 4 share holders now own almost 50% of the company.

snapiti, what's your take in the light of consistent sp drop in the lead up to share purchase plan. What I mean is it better to buy off market now rather than wait to know till allocations are finalised (may be scaled). Appreciate your thoughts...

[Harvey Specter]

not maybe scaled.....you will be scaled for sure.

But maybe the price will go even lower so SPP could be at a lower price than today.....but could be higher as well.
I bought my allotment on market to avoid scaling.
Will add more if the shareprice goes much lower.

Look what happened to VML - companies completely different but the share price is doing the same thing. Why would you apply to the SPP if the price keeps falling. Hold on a few days and see what the price does.

[couta1]

Look what happened to VML - companies completely different but the share price is doing the same thing. Why would you apply to the SPP if the price keeps falling. Hold on a few days and see what the price does.

Yep and the chart looks ugly.

[lastmoa]

yes especailly with the Greek thing.
I have a buy more price set though

Yes, Snapiti. I loaded up in the low $1.60's so will probably not participate in the SPP.
Getting my topup amount at a lower p;rice than the institutions was an unexpected bonus so happy with that. Now will sit back and follow the unfolding WYN story and try to ignore noise.

[psychic]

Hmm, Just be aware lastmoa that Snapiti thought $2.40 was a bargain when he loaded up ex the cap raise a year ago where the insto's paid $2.70!
And the SP is now $1.65..?

I'm holding WYN but I'm not sure about the great buying opportunity..

[lastmoa]

Hmm, Just be aware lastmoa that Snapiti thought $2.40 was a bargain when he loaded up ex the cap raise a year ago where the insto's paid $2.70!
And the SP is now $1.65..?

I'm holding WYN but I'm not sure about the great buying opportunity..

If you are in WYN for the long term then any lower SP doesn't really matter in the whole scheme of things. imho.
I am happy where the company is at and going to ... the SP can do its thing.

[sb9]

Good on ya snapiti, hats off to your conviction.

[couta1]

Actually to back Snapiti up I remember on several occasions when he stated he thought it was overvalued at over $2 so can't see why he would load up at $2.40

[Yoda]

Trend is your friend.
wise man one said," they can always go lower.."



In light of my past experience , and present circumstances, and my future hopes end dreams , what would be the wise thing to do ?

do i buy now, or wait until the trend goes over the 200?
Mmmm
better ask jaja binks

[BlackPeter]

Trend is your friend.
wise man one said," they can always go lower.."



In light of my past experience , and present circumstances, and my future hopes end dreams , what would be the wise thing to do ?

do i buy now, or wait until the trend goes over the 200?
Mmmm
better ask jaja binks

I would go with the words of the wise man ...

If it looks like a downtrend and it feels like a downtrend and if the board is favouring external capital to existing shareholders (remember the latest CR - why didn't they go with renounceable options?) and if the income potential looks negative for a long time to come - why would you want to rush to get in?