Companies on watchlist for capital raising/SPP

[skc]

It has been mentioned on another thread that participation in capital raising / SPP may be a profitable strategy. So just thought I'd start a thread for people to list companies that may be in need of fresh capital.

Note the August profit season is just around the corner, but I wouldn't be surprised to see company rush the equity market earlier before the bad results affect sentiment (and share price) even further.

To make this a useful thread, please put forward your ideas / thoughts with valid backup.

I will get the ball rolling.

QAN - Been rumoured since the last raising but recent cancellation of aircraft orders may mean they can bunker down without additional capital

VBA - Long time candidate but apparently Richard Branson is not keen to sink further money. The SP is too low and they are still making a loss so participation may not be high enough. They may have to bite the bullet soon however.

 

[Bushman]

Re: Companies on watchlist for captial raising / SPP

MOF - accroding to today's AFR, they are likely to breach LVR covenants on three European properties and will need an equity top-up.

 

[skc]

Re: Companies on watchlist for captial raising / SPP

In Macquarie stable...MIG

Part of the reason for the large fall yesterday, according to multiple reports.

 

[skyQuake]

Re: Companies on watchlist for captial raising/SPP

AMC wink wink nudge nudge

 

[airpoe]

Its possible that GMG could have one

 

[benn]

Capital Raising Candidates

hi everyone,

tried a search but couldnt find any previous topic.

With the Share purchase plans that have come and gone, I thought it would be useful to compile a list of companies which have not gone to the market for more equity but are likely to at some stage and also companies coming back for a second round of new equity.

The plan is to buy a small parcel of shares to be in the running for a S.P.P. and make some quity easy money.

So far I have Qantas, Virgin Blue, CSR.


But any others would be useful.

 

[skyQuake]

Re: Capital Raising Candidates

hi everyone,

tried a search but couldnt find any previous topic.

With the Share purchase plans that have come and gone, I thought it would be useful to compile a list of companies which have not gone to the market for more equity but are likely to at some stage and also companies coming back for a second round of new equity.

The plan is to buy a small parcel of shares to be in the running for a S.P.P. and make some quity easy money.

So far I have Qantas, Virgin Blue, CSR.


But any others would be useful.

CSR already did a raising in nov 08, and VBA denied speculation yesterday... doesn't mean they won't do a backflip and ask for money if things get nasty though.

 

[skyQuake]

Re: Companies on watchlist for capital raising /SPP

AIO nxt part of raising. Get in today to be eligible for SPP @ $1.10
Those with IB can buy 1 share

 

[happymark]

Re: Companies on watchlist for capital raising /SPP

For what it's worth, see VMS.

 

[happytown]

Re: Companies on watchlist for capital raising /SPP

PDM announces spp for shareholders to

subscribe for up to $15,000 worth of PDM shares at 3.5 cents per share.

This price represents a 19% discount to the PDM closing sale price over the last 5 days on which PDM shares have been traded prior to this announcement. The Company is limited to issuing 21,654,025 shares under the SPP and, if subscriptions are received in excess of this number, all subscribers will be cut back prorata.

The Record Date for participation in the SPP is 7.00pm (Sydney time) 28 July 2009. It is anticipated offer documents will be despatched to eligible shareholders on 30 July 2009.

In parallel with the SPP, the Company may place up to 10,827,012 shares at the same price as the SPP with professional and sophisticated investors.

cheers

 

[skyQuake]

Re: Companies on watchlist for capital raising /SPP

PDM announces spp for shareholders to

cheers

Yeh just saw that, Looks a bit dodgy though. Look at the depth.. If you got your 350k shares how are you gonna dispose of them

 

[gooner]

Re: Companies on watchlist for capital raising /SPP

PDM announces spp for shareholders to

cheers

21m shares at 3.5cents is $700k. Not exactly a large capital raising

 

[happytown]

Re: Companies on watchlist for capital raising /SPP

Yeh just saw that, Looks a bit dodgy though. Look at the depth.. If you got your 350k shares how are you gonna dispose of them

agreed

you'd potentially need to rely on good assays coming out of the soon-to-be-drilled (commencing aug) IOCG cloncurry prospect sparking investor interest

cheers

 

[JWR]

Re: Companies on watchlist for capital raising /SPP

Now that NAB has raised capital, will the other banks follow suit?

Westpac seems the most appropriate to go next, with ANZ the least likely due to it just raising capital.

CBA had a failed raising at the end of last year, so could also be next.

 

[drsmith]

Re: Companies on watchlist for capital raising /SPP

CBA had a failed raising at the end of last year, so could also be next.

CBA's raising from late last year was not a failure as they got the money but the process itself did result in a few red faces.

 

[smc]

Re: Companies on watchlist for capital raising /SPP

Hi,
I just have a question about buying into those companies that announce their capital raising leaving enough time to buy their shares before the record date - is it the day of trade plus 3 days to get on the records?

Eg: if I buy on a Monday and the record date is 7pm Thursday, is that enough time?

 

[skyQuake]

Re: Companies on watchlist for capital raising /SPP

Hi,
I just have a question about buying into those companies that announce their capital raising leaving enough time to buy their shares before the record date - is it the day of trade plus 3 days to get on the records?

Eg: if I buy on a Monday and the record date is 7pm Thursday, is that enough time?

Correct. T+3 settlement rules apply.

If virgin blue trades today, you can get in on the placement. (unfortunately it wont)

 

[fureien]

Re: Companies on watchlist for capital raising /SPP

ohhh excellent thread. i tried getting in on the LKO thing last week. but the T+3 settlement time got me and i missed out. not that there was much profit anyway lol market consolidated down in 1 day

 

[ands]

Re: Companies on watchlist for capital raising /SPP

I've heard LNC are running low on cash. Trying to offload one of their projects for cash, but that is being delayed. Don't have enough current cash for the current quarter, SPP would have to be on the cards if they don't sell the project soon?

Not 100% on the above, just what I have read. I don't hold LNC.

DYOR!

 

[jabba_jones]

Re: Companies on watchlist for capital raising /SPP

AIO nxt part of raising. Get in today to be eligible for SPP @ $1.10
Those with IB can buy 1 share

Sorry to hijack the thread...

I've been reading up on threads about IB an SPPs, I couldn't find the answer to my question in threads then I saw this...

Wondering if you can answer: With IB can you pay $6 brokerage to buy in just buy a token amount of units say $10 worth (or 1 unit), and then somehow notify them to participate in future SPPs as custodian on your behalf?

Are you able to shed some more light on this as interested in using this as a strategy to get on the register of potential capital raisings..

Thanks!