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30-04-2020, 05:58 PM
#1521
Originally Posted by ratkin
Shame, put in for the full 50k but initial holding was only 20k so going to be slim pickings
Just hope that there were lots of holders of a handful of shares, not 20,000, who applied for the full $50,000 worth!
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30-04-2020, 09:46 PM
#1522
Member
I find it interesting that the average application was only approximately NZ$15,000 - I wold have expected it to much higher. I expect to see much of my $50k application returned.
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30-04-2020, 09:51 PM
#1523
I mean you could have bought near the share price offer on the market yet people opted to sell their holdings and not buy when it went close and instead rely on it when clearly it was going to get scaled
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30-04-2020, 10:11 PM
#1524
Junior Member
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01-05-2020, 08:54 AM
#1525
Member
Weird scenario in that the more you applied for above your holding, the more you'd cause over-subscription and the less shares you would get. I think. Still a bit curious about what 'reference to your holding' means in practice but suspect the disappointment will be larger than the number.
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01-05-2020, 08:59 AM
#1526
I like it better when they give you an allocation and the option to oversubscribe than a blank cheque. What’s the point of investing $50k if your existing holding means you’re never going to get more than $10k. And then they hold your money for a week...
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01-05-2020, 11:58 AM
#1527
I checked my Link account and so far no new shares showing up!
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01-05-2020, 02:43 PM
#1528
Member
Does anyone know what time today, will the results of the allocations be known ?
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01-05-2020, 04:04 PM
#1529
Originally Posted by limmy
Does anyone know what time today, will the results of the allocations be known ?
Mine are showing in my Link account now. Massive scaling but on the good news front I can put the balance into other SPP offerings
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01-05-2020, 05:05 PM
#1530
Member
Well that is interesting, my application wasn't scaled back at all. Maybe that is because I only applied for what I would have been entitled to if it had been a pro rata offer.
Last edited by turnip; 01-05-2020 at 05:21 PM.
Reason: grammar
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