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AIO - Asciano Limited

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Re: AIO - Asciano

back to 1.6 lvl looks promising, ......................................................

 
SPP

You wouldn;t believe it but I was going to buy these today. I have read the announcement but I don't think it is very clear. Are we able to buy shares at the commencement of trading and be eligible for the SPP? It says may not be eligible? Who could I contact to clairify this? Someone at Asciano maybe?

Please help.

Kuri
 
Re: SPP

Kuri said:
I have read the announcement but I don't think it is very clear. Who could I contact to clairify this? Someone at Asciano maybe?
Click to expand...

I think you should get someone that can read English and translate it for you or don't tell us lies about you reading it! It quite clearly states in the text of the announcement an information line phone number:
1300 729 310
or
03 9415 4608

 
Re: SPP

Jez said:
I think you should get someone that can read English and translate it for you or don't tell us lies about you reading it! It quite clearly states in the text of the announcement an information line phone number:
1300 729 310
or
03 9415 4608

Click to expand...

情報をありがとうございます。 あなたに問題を引き起こして、本当にすみません. 私は英語を読むことができません。 次の時に、私は、だれが英語を読むことができるかをだれかに尋ねるつもりです。 ありがとうございます。

Kuri
 
Re: AIO - Asciano

Just ran Kuri's Japanese through a translator here it is

"Thanks for the input. I am really sorry that I cause a problem to you. I can't read English. At the time of next, I intend to ask somebody who can read English. Thank you. "
 
Re: SPP


Translation from Babelfish...

Information thank you. Causing problem in you, it is not completed truly. As for me it cannot read English. When being following, I, someone am the intention of asking someone can read English. Thank you.

Kuri - I agree it was somewhat unclear what the announcement was trying the clarify. However, given AIO wasn't traded today, it will most likely trade on an XE basis tomorrow. Best check with your broker however. Good luck.
 
Re: SPP

Nice translations Guys, it never hurts to have a light hearted moment now and then. Even on a serious forum such as ASF.

I was a bit concern about the capital raising thinking I had missed it. I read the two page report which didn't have contact details and when I was reading the 10 page report I got caught up on the sentence "Asciano expects to be granted a waiver by ASX so that, in determining securityholder entitlements for the entitlement offer, it MAY ignore any changes in securityholdings that occur after the commencement of the trading halt in stappled securities that commenced on 15 June 2009.." I was worried that I had missed the boat and didn't scroll down to the end of the document. After ringing the number graciously supplied by the rather blunt Jez they said that the shares should continue trading on the 17th and as long as you are a shareholder by 7pm on the 18th you will be entitles to the extra shares at $1.10 each (please seek your owwn confirmation).

The link is here
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=AIO

Does anybody have any idea how the price will go on opening? I know the $1.10 price will dilute most peoples holdings and theoretically lower the share price but will people wanting to get on board cause the share price to rise over the following two days followed by a fall after the new shares are traded?

Looking forward to hearing your thoughts (blunt or otherwise)

Kuri
All the opinions expressed above are my own thoughts and please do your own research.
 
Re: AIO - Asciano


Think you have misunderstood that; it was in relation to loaned securities. ie for short selling, if u lent out stock before the 15th, the person that owns it gets the entitlement not you etc.


Remember T+3 settlement. You need to be on the register by the 18th which means ex date was the 14th. The boat has already left
 
Re: AIO - Asciano

skyQuake said:
Remember T+3 settlement. You need to be on the register by the 18th which means ex date was the 14th. The boat has already left
Click to expand...

With this in mind... If an investor is currently on the register, then sold as soon as AIO came out of the TH would they still be on the register on the 18th? I can forsee a massive share dump if that's the case.
 
Re: AIO - Asciano


I am pretty sure that you are still on the register even with the T+3 scenario. The payment is a different issue but I will call my broker to double check so thanks for the heads up.

Anybody else have any thoughts on the T+3 issue and if you are on the register at purchase date?


Kuri
 
Re: AIO - Asciano

Dalen said:
With this in mind... If an investor is currently on the register, then sold as soon as AIO came out of the TH would they still be on the register on the 18th? I can forsee a massive share dump if that's the case.
Click to expand...

I have chekced with my broker which gave different information to AIO and they said they are ex as of today so if you were not on the register last week you will not be eligble. I am not sure if your comments above are correct but it will be interesting to see the share price today.
 
Re: AIO - Asciano

Sorry meant Record date was around the14th-ish, or during the halt.

Basically all these deals are structured so that if you don't own the shares pre-halt, you won't be able to participate. Only noticeable exception is RIO
 
Re: AIO - Asciano

Hi All.

Forgive me for this seemingly basic question but. ......

I have been invited to participate in the Asciano Security Purchase Plan.
I belive that these "Securiities" are the same as the Retail Entitlement Offer ??????

Note it is the term Securities rather than shares that is throwing me.
 
Re: AIO - Asciano

Securities are shares, just another word for the same thing. Note that the ASX stands for "Australian Securities Exchange"...
Any shares bought will be the same as those already owned
 
Re: AIO - Asciano

Does anyone know why Asciano wants to raise another $100 million in a retail offer after they just raised billions in the recent offer? They say to pay down debt, but does 100 mill make much difference compared to the billions they already raised??
 
Re: AIO - Asciano

Thanks for your previous reply Dan. I didn't think I was losing my grasp on reality.

Dunno why they have done the second raising. My guess is that the last one was not fully subscribed.
 
Re: AIO - Asciano

UMike said:
Thanks for your previous reply Dan. I didn't think I was losing my grasp on reality.

Dunno why they have done the second raising. My guess is that the last one was not fully subscribed.
Click to expand...

Actually it is the reverse, the retail shareholders applied for 177M worth of shares than they can take. So they do a SPP for retail shareholders. They do need a lot of cash to either pay down debt or for capital expenditure. The share price go hammered because they have too much debt. Any cash to reduce the debt, they will take it. Good on the management for doing a SPP for retail shareholders rather than do another placement at the low price to benefit the "sophisticated investors".

But I still think they are stupid for not raising the money earlier when the share price is much higher, or may be around the time when they were being approached. They know the company is in trouble, and refuse to sell at a "cheap price", but still do nothing??.. I think it is all because of the CEO acting on self interest.. He doesn't want his holdings get diluted, but can't come up with the money to maintain his holdings in any case of capital raising. just hoping that things will get better. Very selfish and big conflict of interest I would say. Very weird as I read somewhere before about management having a big holding is a positive sign as the interest of shareholders and management are aligned.
 
Aio

Asiano has there SPP out, anyone taking out this pretty good offer of $1.10 per security? Or is the price going to dip heavily before aug 19th?
 
Re: AIO - Asciano

I can only speak for myself, but at $1.10 i will be taking up the offer.....
in a rising market like this it appears a good deal
 
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