IKE - Ike GPS.com

[Leftfield]

Yes au 95 cents.NZ $1.00.
With such a high discount to last traded price of $1.11 I expect there will be a lot of scaling.
https://www.nzx.com/announcements/377009

Good timing with the US$1 Trillion infrastructure bill getting close to finalisation. Be silly not to participate.

[percy]

Good timing with the US$1 Trillion infrastructure bill getting close to finalisation. Be silly not to participate.

Agreed......................................

[Leftfield]

Here's a link to the nitty gritty investor update behind the recent cap raise.

What's not to like!?

(my only issue is IKE already accounts for 18% of my portfolio.)

[percy]

Here's a link to the nitty gritty investor update behind the recent cap raise.

What's not to like!?

(my only issue is IKE already accounts for 18% of my portfolio.)

If IKE goes to 25% or 30% you will know you have a real winner.
Look forward to being overweight...lol.

[Leftfield]

If IKE goes to 25% or 30% you will know you have a real winner.
Look forward to being overweight...lol.

lol must tell my Doctor about OK being overweight! (not to mention the diwersification police.)

"Well positioned" springs to mind Percy.

[percy]

lol must tell my Doctor about OK being overweight! (not to mention the diwersification police.)

"Well positioned" springs to mind Percy.

Funny you should say that,I was thinking the same....lol.

[turnip]

Do you think they have set aside enough shares for the retail offer? I just want to apply for enough to avoid being diluted, from the information so far I will need to apply for 16.8% of my existing holding. But it looks like I might need to apply for more than that in anticipation of scaling if the retail pool is too small.

[moose]

Here's a link to the nitty gritty investor update behind the recent cap raise.

What's not to like!?

(my only issue is IKE already accounts for 18% of my portfolio.)

What's not to like!?

The fact that it is $19M+ capital raise with only limited opportunity for existing shareholders - As usual many ordinary holders will end up having their holding diluted.

[Leftfield]

Do you think they have set aside enough shares for the retail offer? I just want to apply for enough to avoid being diluted...But it looks like I might need to apply for more than that in anticipation of scaling if the retail pool is too small.

Anyone's guess what you'll be allocated. Could be as low as 20%. However you can still buy more on the market on any dips after the cap raise.

What's not to like!? The fact that it is $19M+ capital raise with only limited opportunity for existing shareholders - As usual many ordinary holders will end up having their holding diluted.

There is that........

In general I'm not a fan of either dilution or the uncertainty of allocations. However, in this case, this 'ordinary shareholder' is already 'overweight' so not a great concern personally - especially when I see the potential ahead.

As always DYOR and take responsibility for your own decisions.

[turnip]

Anyone's guess what you'll be allocated. Could be as low as 20%. However you can still buy more on the market on any dips after the cap raise.

Yep, that is what I did after being scaled back in last year's $0.68 offer, but I ended up paying more than $0.90 to top up on the market. I'd prefer to give my money to the company than to the scalpers, so I think I will apply for a bit extra this time.