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01-04-2020, 10:18 AM
#1301
Originally Posted by kiwidollabill
How many locals buy at full retail...? Everyone knows to wait for the 40% sales...
Likewise, Briscoes, Noel Leeming, Harvey Norman etc etc
It’s a way of life in NZ.
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01-04-2020, 10:20 AM
#1302
Originally Posted by winner69
Yep Balance ...good move getting in first
In a months time punters might be too shell shocked to front up
Keep the powder dry and wait for the inevitable fire-sale of shares via the capital raisings.
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01-04-2020, 10:43 AM
#1303
Originally Posted by ratkin
50 Cents they giving it away, surely they could have got away with 70c
I expect that they have already talked to the institutions and that is all they'd pay.
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01-04-2020, 10:44 AM
#1304
Originally Posted by dobby41
I expect that they have already talked to the institutions and that is all they'd pay.
Fully underwritten with a $30m placement to sweeten the deal for the institutions.
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01-04-2020, 10:52 AM
#1305
Originally Posted by Balance
Fully underwritten with a $30m placement to sweeten the deal for the institutions.
Is there a SPP for retail shareholders?
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01-04-2020, 10:56 AM
#1306
Originally Posted by JeremyALD
Is there a SPP for retail shareholders?
Better than a SPP - a 1 for 2 pro-rata rights issue for all shareholders.
Unless a shareholder does not have the funds to participate, then there’s no significant dilution for existing holders.
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01-04-2020, 11:17 AM
#1307
50c for long term hold is ridiculously good value provided they don’t fold which I don’t see them doing. They must be pretty desperate though . Retail in a tough spot right now
Disc not a holder
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01-04-2020, 11:19 AM
#1308
Originally Posted by Balance
Better than a SPP - a 1 for 2 pro-rata rights issue for all shareholders.
Unless a shareholder does not have the funds to participate, then there’s no significant dilution for existing holders.
So going off the pre-halt price of 112, and all things being equal (not that they will be), would a basic fair value calculation be: (2 x 112 + 50)/3 ?
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01-04-2020, 11:36 AM
#1309
Originally Posted by Balance
Better than a SPP - a 1 for 2 pro-rata rights issue for all shareholders.
Unless a shareholder does not have the funds to participate, then there’s no significant dilution for existing holders.
I think the issue is 1.2 shares for 1, not 1 for 2.
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01-04-2020, 11:48 AM
#1310
Originally Posted by macduffy
I think the issue is 1.2 shares for 1, not 1 for 2.
Yes their seems to be some confusion by some posters, it is indeed 1.2 shares for every 1 share held. Massive dilute, be prepared for a bit of a sell off.
Last edited by silverblizzard888; 01-04-2020 at 11:52 AM.
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