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12-03-2021, 09:14 AM
#2111
Originally Posted by Southern Lad
SPP allocations are now showing up via Link Market Services log in.
Allocation proves how small time I am -- applied for $50k, got $2271 worth (337 shares added to 2200 existing).
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12-03-2021, 09:25 AM
#2112
Originally Posted by Onion
Allocation proves how small time I am -- applied for $50k, got $2271 worth (337 shares added to 2200 existing).
Fits with my experience - I received approx 15% of my existing stake. Keeps me ahead of the dilution of ~7-8%. Documents were quite clear scaling would be based on existing holding rather than amount applied for, but I did punt a little extra in case of undersubscription.
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12-03-2021, 09:27 AM
#2113
Member
Originally Posted by Onion
Allocation proves how small time I am -- applied for $50k, got $2271 worth (337 shares added to 2200 existing).
That's exactly what I got and I had the same holding prior. I applied for $13000. So, scaled depending on holding and not on the oversubscription percentage.
A quote attributed to Margaret Thatcher goes along the lines of
"The problem with socialism is that eventually you run out of other people's money."
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12-03-2021, 09:50 AM
#2114
Originally Posted by Waiuta
That's exactly what I got and I had the same holding prior. I applied for $13000. So, scaled depending on holding and not on the oversubscription percentage.
That is pretty much what I expected - it is the fairest way to allocate - reward existing holders rather than just those with lot of cash lying around. It allows existing shareholders to avoid too much dilution.
I did load up my application in case they gave some weight to that aspect (and expecting heavy scaling -- I didn't really want all that I applied for).
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12-03-2021, 09:57 AM
#2115
ASX Appendix 2A lodged this morning advises 11,127,594 new shares issued under the SPP, so at $6.74 this comes to $74,999,983.56. Indicates that no over-subscription amount has been issued.
Consistent with others, I was allocated c. 15% of the existing holding.
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12-03-2021, 10:04 AM
#2116
Junior Member
Same, 15.3% of existing holding.
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12-03-2021, 11:28 AM
#2117
Junior Member
Just as well I dived in and bought on market. Got 226 on SPP of the 1000 approx I wanted.
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12-03-2021, 11:49 AM
#2118
Originally Posted by GlennS
From the offer documentation… You will receive the Offer Shares issued to you under the Offer on the Allotment Date, which is currently expected to be on or around 12 March 2021. Confirmation of the number of Offer Shares issued to you under the Offer will be sent on the Despatch Date, currently expected to be on or around 17 March 2021. Refunds will be made by direct credit only to the bank account held by the Registrar. Any refunds will be issued within five business days following the Allotment Date.
Thx. That’s what I wanted.
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12-03-2021, 01:32 PM
#2119
Originally Posted by Gonzoid
Just as well I dived in and bought on market. Got 226 on SPP of the 1000 approx I wanted.
Yes, smart thing done. Wanted close to 3000, bought 2400 (6.70) on market last Friday, being allotted 693 (~14% of holding). Sold 2400 yesterday at 7.15. At the moment, just happy with the situation
Last edited by ananda77; 12-03-2021 at 01:33 PM.
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12-03-2021, 07:01 PM
#2120
Well, I received 100% of the $10,000 asked for - 1483 shares. Mind you, I hold in excess of 10,000 shares. Shame I didn't have more spare cash.
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