Precinct Properties 4 Year Convertible Notes (PCTHA)

[Beagle]

Shame that someone didn't point out that formal expressions of interest needed to be in by Friday 1 September and a client service agreement completed too.
Several wasted hours of my life researching this on the weekend that I cannot get back. Not impressed !

[peat]

Hey Rog
I am sorry you feel that way and I certainly had no intention to mislead
These offers come and go pretty quickly at the bidding and allocating level.

[macduffy]

Shame that someone didn't point out that formal expressions of interest needed to be in by Friday 1 September and a client service agreement completed too.
Several wasted hours of my life researching this on the weekend that I cannot get back. Not impressed !

Moral of the story:

Always start research of an IPO/issue with a quick perusal of the indicative timetable! I've fallen into that particular trap once or twice.

[Bjauck]

Shame that someone didn't point out that formal expressions of interest needed to be in by Friday 1 September and a client service agreement completed too.
Several wasted hours of my life researching this on the weekend that I cannot get back. Not impressed !

It may still be possible to go on a waiting list (in case some of those who have expressed an interest fail to follow through perhaps.)

[peat]

It may still be possible to go on a waiting list (in case some of those who have expressed an interest fail to follow through perhaps.)

sure , but at the moment everyone is taking whatever they are offered.

I guess what we are learning is how much cash there is out there looking for a home, and on that basis one would expect rates to stay low for some time yet.

Dont forget guys that there are some debt securities out there on the secondary market offering higher than 4.5
I find too many people are fixated on the primary market, I guess to avoid fees. but ultimately one needs to do the maths and see how little the fees actually impact on 5 year instrument.

[Grimy]

Shame that someone didn't point out that formal expressions of interest needed to be in by Friday 1 September and a client service agreement completed too.
Several wasted hours of my life researching this on the weekend that I cannot get back. Not impressed !

On the bright side, research is never really wasted. May come in handy as it is possible further offers similar to this may become available in the near future.
Disclosure: I got some. Had wanted more, but as Peat mentioned, demand was high and scaling was probably always going to happen.