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  1. #1771
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    Quote Originally Posted by percy View Post
    And us investors.....
    Hi Team,

    Could someone if they have time, explain in laymans terms what is happening with the trading Halt?

    Whats the pros and Cons to OCA? Does this mean the price will push down to $1.08 on 7th of Sept? Ie market will be flooded with a bucket load of shares?

    As always thanks to anyone who replies, note wont be selling but just wanting to learn and understand.

    Cheers

  2. #1772
    Banned
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    Quote Originally Posted by Lawstudent05 View Post
    Hi Team,

    Could someone if they have time, explain in laymans terms what is happening with the trading Halt?

    Whats the pros and Cons to OCA? Does this mean the price will push down to $1.08 on 7th of Sept? Ie market will be flooded with a bucket load of shares?

    As always thanks to anyone who replies, note wont be selling but just wanting to learn and understand.

    Cheers
    it normally will go down,just like ARVIDA, down to $1.15 before go up again...but this case Macquarie has more than 50%.. plenty to off load...it will create a bit of hang over...

  3. #1773
    Handsome Member
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    Jun 2015
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    For non holders, like myself. Will I need to go to the likes of Craigs if I wish to participate?

  4. #1774
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by LAC View Post
    For non holders, like myself. Will I need to go to the likes of Craigs if I wish to participate?
    Yes I think you would need to have a broking contact and account with them already. Bid floor confirmed at $1.08. Process followed is a standard bookbuild with bids at $1.08 or higher. This placement will be at a maximum discount to yesterday's closing price of ~ 5% and I think it will be at a lower discount than that i.e. the bookbuild match process will probably be slightly north of $1.08. I see this organised placement as is a very positive thing for the SP and expect it will rerate fairly quickly afterwards.
    Last edited by Beagle; 05-09-2018 at 09:52 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  5. #1775
    IMO
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    I think you do need to have a relationship with Craigs etc. As Beagle said the floor is $1.08, but interest is high is what im hearing and there may be very little discount to current prices;MAQ time things to get the best deal for them hence selling at a top with an overhang avalanche to follow. I dont think their timing is good for me so i will watch this mature bull market and wait for a better price a little further down the trail.

  6. #1776
    percy
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    I have bid $1.12.
    I expect the price will be closer to $1.10.
    All successful bidders end up paying the same price.
    Deals like this help to recoup the Craigs brokerage charges I pay.

  7. #1777
    IMO
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    FWIW my broker has a hold and 1 year target price of $1.18.

  8. #1778
    Legend minimoke's Avatar
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    Christchurch, New Zealand.
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    Quote Originally Posted by percy View Post
    I have bid $1.12.
    I expect the price will be closer to $1.10.
    All successful bidders end up paying the same price.
    Deals like this help to recoup the Craigs brokerage charges I pay.
    One of the disadvantages with my el cheapo direct broking account. I'll miss out and have to wait till market re-opepns

  9. #1779
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    Quote Originally Posted by minimoke View Post
    One of the disadvantages with my el cheapo direct broking account. I'll miss out and have to wait till market re-opepns
    Me too. Any idea how long this process will take & when OCA market will reopen?

  10. #1780
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by Blue Skies View Post
    Me too. Any idea how long this process will take & when OCA market will reopen?
    Highly likely the market will start trading again tomorrow morning. My understanding is the bookbuild closes at 5.00 p.m. today.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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