Companies on watchlist for capital raising/SPP
- Thread starter skc
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As understand it, you can't sell/trade non-renounceable rights. You either pay the amount to the company to take up the share offer, or you forego the offer.
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Re: Companies on watchlist for capital raising /SPP
Eating my words now! Gonna send a ticket to IB today and insist on getting my full allocation
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
Eating my words now! Gonna send a ticket to IB today and insist on getting my full allocation
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all the lpts
matty
WDC have raised, GMG just announced.
On views on most likely ones to raise more capital?
skc
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GRR. Last day to buy and still participate in their 1-for-1 rights entitlement at 27c
EDIT.. Sorry wrong information. Actually XE today. The entitlement is 1-for-1 at 25c. Trading at 40c today compared with yesterday's close at 49c.
EDIT.. Sorry wrong information. Actually XE today. The entitlement is 1-for-1 at 25c. Trading at 40c today compared with yesterday's close at 49c.
skc
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Too late mate. Record date - 3 days is when you have to get on board. Yesterday was XE which meant Wednesday was the last day to buy and be able to participate.
You didn't miss out much anyway. GRR was trading at ~$0.49 on Wednesday. 1-for-1 will let you buy at $0.25, averaging out at $0.37. Currently trading $0.405.
skc
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XE = Ex-entitlement.
GRR had EX as its status yesterday. So I don't believe you are eligible.
But you are correct with your T+3 calculation... so a bit funny in this instance. You might get it for all you know. Some of these small companies are pretty poor with their announcements / shareholder admin.
Actually T+3 doesn't apply here.
Rights issues follow a different timetable w/ regard to record date. This is unlikely to be a mistake.
See http://www.asx.com.au/ListingRules/appendices/App7a.doc.
" Note: securities are quoted on an “ex” basis and bonus securities are quoted on a deferred settlement basis 4 business days before the record date (ie day 3)."
I am not sure why the ASX decided to do it this way.
Rights issues follow a different timetable w/ regard to record date. This is unlikely to be a mistake.
See http://www.asx.com.au/ListingRules/appendices/App7a.doc.
" Note: securities are quoted on an “ex” basis and bonus securities are quoted on a deferred settlement basis 4 business days before the record date (ie day 3)."
I am not sure why the ASX decided to do it this way.
Rang GRANGE invester centre computershare and spoke to some 'Nick' and 'yes'
I'm eligible, as according to him if i'm on register on 26th I am eligible for rights issues. and don't consider EX dates.(PS. Anyone who's going to jump in reading this please make your own enquiries. Don't go with what I say.)
skc
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Rang GRANGE invester centre computershare and spoke to some 'Nick' and 'yes'
(PS. Anyone who's going to jump in reading this please make your own enquiries. Don't go with what I say.)
You lucky thing... Let us know when you receive the forms.
didnt the annoucnement say 3rd sept?
