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14-08-2020, 03:37 PM
#401
There will definitely be scaling.
"Eligible Retail Shareholders took up 66% of their entitlements, with those
who took up their entitlements in full also applying for an additional NZ$1.6 million of new shares.
Oversubscriptions will be scaled having reference to the number of IKE shares held by the applicant
on the Record Date (30 July 2020)."
I am guessing we will get close to 90% of the extra shares we subscribed for
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14-08-2020, 03:53 PM
#402
Originally Posted by tango
There will definitely be scaling.
"Eligible Retail Shareholders took up 66% of their entitlements, with those
who took up their entitlements in full also applying for an additional NZ$1.6 million of new shares.
Oversubscriptions will be scaled having reference to the number of IKE shares held by the applicant
on the Record Date (30 July 2020)."
I am guessing we will get close to 90% of the extra shares we subscribed for
"Having reference to the number of IKE shares held by the applicant on the Record Date" infers that the percentage each shareholder will receive will vary according to the number of shares held and the number of over-sub applied for. Just my interpretation.
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14-08-2020, 04:15 PM
#403
Originally Posted by Timesurfer
If only 66% of eligible shares were taken up it doesn’t sound like they needed to scale the other $1.6 million. Be interesting to see how much they scale us back.
Fingers crossed..... we should know early next week.
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14-08-2020, 04:44 PM
#404
Originally Posted by macduffy
"Having reference to the number of IKE shares held by the applicant on the Record Date" infers that the percentage each shareholder will receive will vary according to the number of shares held and the number of over-sub applied for. Just my interpretation.
True. I was forgetting that some people applied for 100% of the possible oversubscription. If you only applied for half of the possible over subscription then you would get all of it.
Ike is one of my smallest holdings but I am impressed by the management. At some stage I will top up. Maybe after this evening’s lockdown announcement!
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17-08-2020, 12:11 PM
#405
Once ASX opens, things move along rapidly...
96 |
9,727 |
12:04 |
|
96 |
150,000 |
12:03 |
SP |
96 |
273 |
12:00 |
|
95 |
100,000 |
11:59 |
SP |
95 |
100,000 |
11:59 |
SP |
96 |
1,315 |
11:59 |
|
96 |
28,412 |
11:59 |
|
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17-08-2020, 03:02 PM
#406
Originally Posted by sb9
Once ASX opens, things move along rapidly...
96 |
9,727 |
12:04 |
|
96 |
150,000 |
12:03 |
SP |
96 |
273 |
12:00 |
|
95 |
100,000 |
11:59 |
SP |
95 |
100,000 |
11:59 |
SP |
96 |
1,315 |
11:59 |
|
96 |
28,412 |
11:59 |
|
Why would the opening of the ASX make a difference to NZX volumes when IKE is dual listed and they can purchase on their own exchange?
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17-08-2020, 03:07 PM
#407
Originally Posted by tango
Why would the opening of the ASX make a difference to NZX volumes when IKE is dual listed and they can purchase on their own exchange?
Not much volume available I guess as NZX is primary listing currently.
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17-08-2020, 04:46 PM
#408
Originally Posted by tango
Why would the opening of the ASX make a difference to NZX volumes when IKE is dual listed and they can purchase on their own exchange?
If a dual listed stock opens firmly on the ASX, it often encourages demand from NZ investors on the NZX. The opposite applies too, of course.
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17-08-2020, 05:06 PM
#409
Originally Posted by macduffy
If a dual listed stock opens firmly on the ASX, it often encourages demand from NZ investors on the NZX. The opposite applies too, of course.
Ah! Thanks for explaining that
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18-08-2020, 10:19 PM
#410
Allotment tomorrow. I’m excited to see how many shares I get
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