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Thread: Z Energy IPO

  1. #41
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    Have heard a rumor there will be a scaledown but havnt substantiated this.

  2. #42
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    I've been scaled to 20% of my requested volume for this. Tighter than SML

    wondering whether it relates to individual broking house allocations being 'unevenly' distributed?

    anyone else been advised of a firm allocation?

  3. #43
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    Apparently I'll find out tomorrow.

  4. #44
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    Wow 650 - 900 million shares on offer, and scaled down by 20% damn!!

  5. #45
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    Not by 20% but to 20% in Xerof's case!

    I, too, hope to find out tomorrow.

  6. #46
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    Not being a stagger.. good luck to all that want them.. Good dividend.. Ho hum...

    Not willing to sell down to buy..

  7. #47
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    Quote Originally Posted by janner View Post
    Not being a stagger.. good luck to all that want them.. Good dividend.. Ho hum...

    Not willing to sell down to buy..
    Ditto. If indicative dividends are maintaiend and share price holds up, this could be a good yield/income play though. But I will be watching this one with interest from the sidelines and enjoying the steady payments from my Z Bonds.
    Good luck to buyers.

  8. #48
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    Exactly !!.. there are better buys available.. IMHO..

    Quote Originally Posted by iceman View Post
    Ditto. If indicative dividends are maintaiend and share price holds up, this could be a good yield/income play though. But I will be watching this one with interest from the sidelines and enjoying the steady payments from my Z Bonds.
    Good luck to buyers.

  9. #49
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    Quote Originally Posted by Xerof View Post
    I've been scaled to 20% of my requested volume for this.

    anyone else been advised of a firm allocation?
    Which broker?

    Quote Originally Posted by Grimy View Post
    Apparently I'll find out tomorrow.
    anyone else been advised of a firm allocation?
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  10. #50
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    Quote Originally Posted by Xerof View Post
    I've been scaled to 20% of my requested volume for this. Tighter than SML

    wondering whether it relates to individual broking house allocations being 'unevenly' distributed?

    anyone else been advised of a firm allocation?
    And price is set at?

    Not possible for any firm to advise of allotment until price is set.

    NZX and FMA need to be informed.

  11. #51
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    Quote Originally Posted by Balance View Post
    And price is set at?

    Not possible for any firm to advise of allotment until price is set.

    NZX and FMA need to be informed.
    Bookbuild, pricing and allocation not till 15/16 August but I assume some of the Brokers have been given a firm allocation already which they can allocate to their clients.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  12. #52
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    Correct CJ, firm $ allocations were given to brokers yesterday. I have read the prospectus, asked for a firm allocation, got scaled, filled in the form, written out the cheque, and its in the mail.

    I'll phone the police immediately Balance, possibly David Shearer as well

  13. #53
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    Quote Originally Posted by Xerof View Post
    Correct CJ, firm $ allocations were given to brokers yesterday. I have read the prospectus, asked for a firm allocation, got scaled, filled in the form, written out the cheque, and its in the mail.
    At what price? The top of the price range?
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  14. #54
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    The application form is for a Dollar amount, not share amount. This IPO does appear to be structured a little different to the usual

    Brokers all got their firm allocation dollar amount yesterday (see todays ann by Infratil) How they allocate to their clients is their concern, not mine. I would presume this is the retail part of the IPO, not all of it, as the price is set later by the book build. Retail is a pricetaker, not price setter

  15. #55
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    Retail is a pricetaker, not price setter
    Sad - but true.

    There's no public pool in this one, so if you want to participate you need to put your hand up for a dollar amount. Of course, you can always decline to fill in the application form when received - but probably at the expense of some damage to your future client/broker relationship!


  16. #56
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    Quote Originally Posted by Xerof View Post
    I've been scaled to 20% of my requested volume for this. Tighter than SML

    wondering whether it relates to individual broking house allocations being 'unevenly' distributed?

    anyone else been advised of a firm allocation?
    I've been offered this morning 100% of my requested amount, although as Macduffy says, I don't yet know if I will take it.

  17. #57
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    Quote Originally Posted by CJ View Post
    Which broker?

    anyone else been advised of a firm allocation?
    I got a third of the number I'd asked for.
    Sounds like there's good demand.

  18. #58
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    Looks like Craigs will give me all i can eat and pricing looking like lower end rather than higher but we will see.

  19. #59
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    Quote Originally Posted by Joshuatree View Post
    Looks like Craigs will give me all i can eat and pricing looking like lower end rather than higher but we will see.
    Classic IPO - Craigs keep lion share of retail allocation and give its clients 100% of what they ask for (all good and great on them - to be applauded) while rationing other brokers.

    End result?

    Clients of other brokers will try and get out on opening knowing that Craigs' clients have plenty to stag with.

  20. #60
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    Quote Originally Posted by Balance View Post
    Classic IPO - Craigs keep lion share of retail allocation and give its clients 100% of what they ask for (all good and great on them - to be applauded) while rationing other brokers.

    End result?

    Clients of other brokers will try and get out on opening knowing that Craigs' clients have plenty to stag with.
    I don't think demand is as high as what people think. I'm not with Craigs and I certainly have never been offered 100% before of anything I have actually really wanted.

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