BOW - Bow Energy

oldblue said:

Fair point, SR.

The relevant dates last year were;

Record date 19 November 2009

Offer opened 24 November 2009

Offer closed 11 December 2009

The only dates announced for the current issue are

Record date 10 November, 2010

Allotment date expected to be December 2010..

On the face of it, it does seem that last year's SPP will be taken into account in calculating the $15,000, twelve month period limit.

If so, the question is - Why would BOW directors (intentionally?) limit some shareholders' participation in this way?



Edit. A more careful reading of the announcement shows that Allotment date is "December 2010", not a specific date. The question therefore becomes which of the various dates - record, opening, closing, allotment - is relevant in determining the 12 month period?

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SilverRanger said:

Seems like the BOW board does have the last year's SPP in mind when the set out the dates for this SPP - by making sure that both the closing and allotment dates are slightly longer than 1 year since the last.
Just now there's another problem: the current share price is sitting below the offer price!!
Not sure what the board can do about this, but given there's still about 1 month to go, let's see what our synthetic OTM call option can get us to

Disclosure: Holding a small parcel of BOW

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oldblue said:

BOW management seem to have a knack of being able to announce good news at regular intervals. I'm confident that there'll be one at the appropriate time to help nudge the SP over $1.15!

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SilverRanger said:

A sudden surge in SP with no apparent news today, we are back in business

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Boognish said:

I spoke to someone who knows, apparently BOW's rigs aren't in too much danger even though access to and from them is limited at best.

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grace said:

I do not know what happened today, but a low of 94cents was reached and all of the buy orders I had in the system were hit.

The price climbed the hill to end above resistance (without showing you a chart), but I don't know exactly what caused the selling in the first place that then triggered all of those stop losses.

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notting said:

Go BOW. Anyone Know??
It's up 9% today and has been rising against the market for weeks. Kissing 200 day moving average.
SKC you've become a lot less attractive overnight. Bad weekend?
Oh well we all change with age.
What you think of BOW this morning is the resistance at 1.10 going to be hard to break through?
Can you whip up another amazing chart if it's of interest

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alexc2005 said:

i don't get it.

Is still on the market for 88c?

does that mean you could buy it now and make all that gain?

How does it work?

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bassmanpete said:

You probably could have, but as I write this it's $1.41. I've held BOW for years and my average buy price was 17.9 cents.

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bassmanpete said:

Arrow making a bid for BOW at $1.48.

http://imagesignal.comsec.com.au/asxdata/20110822/pdf/01209099.pdf

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Bow and Arrow news sending quiver through the Market.

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