GNE - Genesis Energy

[Balance]

No announcement from the government or NZX yet.

Freaking disgrace really when you consider it is sensitive market infor in a way.

[Jaa]

They seem to have applied a $5k or 3226 share limit. A waste of time.

How many shares did overseas institutions get to day trade while us longer term punters get screwed as normal?

The whole asset sales process, a flagship policy of the National Party has been horribly run and in anything but the national interest. What a joke the clowns won't be getting my vote.

[bull....]

yea think ill vote for winston peters

[couta1]

There will many millions of dollars to be refunded to investors who were allocated only a fraction of the shares they applied for.

They owe me about $34k - I wonder how long it will take to get that back?

Apparently it could take till April 28th

[Whetu]

1000 1000
2000 1724
10000 2414
20000 2914 (2414 + 5% above 10,000)
30000+ 3226 (max shares per application) or $5,000

So looks like $5,000 is maximum allocation per applicant.

Applied for 3000 shares, allocated 2011 - Scaled 33%
Mrs Whetu applied for 6000, allocated 2214 - Scaled 63%

[Jaa]

Applied for 3000 shares, allocated 2011 - Scaled 33%
Mrs Whetu applied for 6000, allocated 2214 - Scaled 63%

Anyone wanting to apply for 30,000 shares to take maximum advantage of the bonus shares would have got scaled 89%.

3226 shares / 30000 shares = 10.7%

[percy]

Well done everyone.
I can't even log into Computer share.Sent user name,then temp password only find a/c locked,try again later.!!

[GR8DAY]

........yep ditto same waste of time, applied for 50000 got 3226!!.........hardly worth the effort. Only blame myself tho, shouldve got off the mark earlier and spoken directly with broker....lesson learnt!

[okane]

Nice one, National. Crumbs for mums and dads, new Mazeratis all round at Goldman Sachs.

[Crisis]

What a wastage of time! Received less than 6.5%.