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Thread: ZEL - Z Energy.

  1. #1681
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    Ouch ! Closed at $2.85

  2. #1682
    Membaa
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    Some might say “Un-investable”. Fair enough, it does looked pretty screwed at the moment.

    Others might just simplify that to “better opportunities elsewhere”.

    No point in exposing ones investment to great uncertainty when less uncertainty affords itself.

    Imo, not interested in zel at the moment

  3. #1683
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    $2.78 at present. What happens if it dips below $2.75?

  4. #1684
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    Quote Originally Posted by Cyclical View Post
    $2.78 at present. What happens if it dips below $2.75?
    The Shares will be issued at the lower of the price paid by investors in Z Energy’s recent
    Placement, being NZ$2.90 per Share, and a 2.5% discount to the five day VWAP of Z shares
    traded on NZX during the five NZX trading days up to, and including, the Closing Date.

  5. #1685
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    It closed at $2.80, the price to pay will be $2.80 plus 2.5% discount i.e. $ 2.73, am I right or $2.90 plus 2.5% discount.

  6. #1686
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    Quote Originally Posted by Jim View Post
    It closed at $2.80, the price to pay will be $2.80 plus 2.5% discount i.e. $ 2.73, am I right or $2.90 plus 2.5% discount.
    Assuming the Volume Weighted Average Price of Z shares traded on the NZX during the five NZX trading days up to and including the Closing Date, 29 May, turns out to be $2.80, then the issue price would be $2.73.
    Last edited by macduffy; 23-05-2020 at 01:19 PM. Reason: Punctuation

  7. #1687
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    Volumes are rising as per their latest OPSTAT so looking a lot better. However given the current share price I wont be participating in the SPP given the buy price will be approx what it is now less 2.5%.

  8. #1688
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    Agreed. I'm also not applying for any.

  9. #1689
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    Same. It feels like it's just throwing good money after bad. Too long a time horizon and too much uncertainty

  10. #1690
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    Quote Originally Posted by flyer View Post
    Volumes are rising as per their latest OPSTAT so looking a lot better. However given the current share price I wont be participating in the SPP given the buy price will be approx what it is now less 2.5%.
    Quote Originally Posted by Grimy View Post
    Agreed. I'm also not applying for any.
    Quote Originally Posted by tango View Post
    Same. It feels like it's just throwing good money after bad. Too long a time horizon and too much uncertainty
    Crikey, there will be some trouble is that's the general sentiment of their holders towards the SPP.

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