GMG - Goodman Group
- Thread starter Snakey
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Need like a 25% tanking for GMG to get under the entitlement price of 40c.
Assuming GMG tanks twice as hard as the XJO,
XJO 3850 anyone?
If you're really worried just get some puts. Or short some cfds
Assuming GMG tanks twice as hard as the XJO,
XJO 3850 anyone?
If you're really worried just get some puts. Or short some cfds
Hey Fureien those Orders only got Bought at 54cents at close..
Although there was $12million bought at EOD which is interesting.. can't say i have been watching EOD of GMG just waiting for my SPP..
Does anyone know if there is a minimum for share number..
Hope it works out for you. I am sitting on the sidelines for the next week or some to see what the SP does but plan to take part and oversubscribe. If I get the oversubscription to the point the (hopefully) instant profits cover my initial outlay on the stock, I'll sell some...then take half the cash back whilst doubling my stock holding.
fureien
Makes sense if you are only applying for your entitlement.
only have 2,000 shares so my rights entitlement is only 2,000 shares. My intention is to apply for lots of additional shares. And as these are only allotted on the final allotment date, I would be exposed to risk until then. I can not effectively hedge that risk as I do not know how many shares I will be allotted.
yeh i see where your coming from
i too wanted to apply for extra shares, but i felt a bit confident that it wont tank by next week. so it has less risk and bit more guaranteed profits.
the thing is, i expect it to tank the day or if not then the day after everyone gets allocated their early shares, where most people should be taking profits. and it will most likely happen gradually. Therefore i see risk that it will tank to a stage where there is little reason to take up extra shares.
Nevertheless, is there any chance i can subscribe for more later before the final settlement if it doesnt tank before then. And am i allowed to sell my original holdings before i receive my allotment?
i too wanted to apply for extra shares, but i felt a bit confident that it wont tank by next week. so it has less risk and bit more guaranteed profits.
the thing is, i expect it to tank the day or if not then the day after everyone gets allocated their early shares, where most people should be taking profits. and it will most likely happen gradually. Therefore i see risk that it will tank to a stage where there is little reason to take up extra shares.
Nevertheless, is there any chance i can subscribe for more later before the final settlement if it doesnt tank before then. And am i allowed to sell my original holdings before i receive my allotment?
I don't think you can ask for extra at a later date.
But no reason you can't sell existing holdings now
wtf no Bpay.
Basically they force us to commit 3 days before the close by sending a cheque to get there.
So anyone have any thoughts on how much cash to tie up into this oversubscription? I'm thinking double, can't see it being undersubscribed much more given the amount of time we've all spent with these capital raisings.
Basically they force us to commit 3 days before the close by sending a cheque to get there.
So anyone have any thoughts on how much cash to tie up into this oversubscription? I'm thinking double, can't see it being undersubscribed much more given the amount of time we've all spent with these capital raisings.
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Funds need to be cleared by the due date, not just a cheque received.
cheers............................
Not correct.
Funds need to clear by allotment date which is well after the closing date of the offer.
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Yep, just re-read the fine print:
"Receipt of this Entitlement and Acceptance Form by 5:00pm (AEST) on 4 September 2009 with your payment (cleared with sufficient time to allow allotment), utilising the payment options detailed overleaf will constitute acceptance in accordance with the terms and conditions of the Booklet."
I had taken that to mean that 'your payment must be cleared by 4/9/09 to allow sufficient time for allotment'
But since you mention that, it makes sense that they receive the acceptance and payment by 4/9/09 and the funds must clear prior to the allotment date 16/9/09..........and I'd assume they must be cleared by the settlement date 15/9/09 to allow for allotment the next day.
cheers
wow big dip on friday. since i can technically sell my holdings. i mite exit on monday. and just see what happens before i offload my entitlement. how will i noe when im allocated them? do they send me a letter or does it automatically appear in my portfolio account with my broker? i am able to sell immediately on that day right?
the reason im selling is cause i think we are porbably going to see another market downturn soon. so take profits now and buy back later. thats just my opinion tho
the reason im selling is cause i think we are porbably going to see another market downturn soon. so take profits now and buy back later. thats just my opinion tho
You will get a letter and they will automatically appear in your account. They normally appear in the account before you get the letter, particularly if you live somewhere obscure like Perth.
nulla nulla
Positive Expectancy
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Asciano did a scale back it was so well supported. Holders received 35% of their spp application. I wonder if gmg will come through with the lot?
well it came thru with the lot lol
got my allotment today
sold my initial holding at 57 cents.
made $300 profit. Casino time! nah just kidding
making a $700 profit from my entitlement by day close. from a $1700 investment lol not bad and all it took was a trip to the bank and post office. $5 for the bank cheque and a nail biting week.
still holding the entitlment cause the support looks strong. witnessed alot of profit taking today, but luckily theres so much support.
I dont even know why people are buying, despite knowing that people are going to take profit?
not that its a bad thing, but do they know something i dont know?
got my allotment today
sold my initial holding at 57 cents.
made $300 profit. Casino time! nah just kidding
making a $700 profit from my entitlement by day close. from a $1700 investment lol not bad and all it took was a trip to the bank and post office. $5 for the bank cheque and a nail biting week.
still holding the entitlment cause the support looks strong. witnessed alot of profit taking today, but luckily theres so much support.
I dont even know why people are buying, despite knowing that people are going to take profit?
not that its a bad thing, but do they know something i dont know?
furein
I paid $850 a little while ago with a view to profiting from any SPP and up 32% already after allowing for brokerage on the way in, so a few cases of beer right there. Now waiting for next week to apply for rights. Big decision is how hard to go in. As it is 1 for 1, they are asking people to double their investment, so some people may not do this, so chance of a decent shortfall and so can pick up some extra shares. Might go for $10 or $20 worth
Will wait and see what price is next Wednesday.
I paid $850 a little while ago with a view to profiting from any SPP and up 32% already after allowing for brokerage on the way in, so a few cases of beer right there. Now waiting for next week to apply for rights. Big decision is how hard to go in. As it is 1 for 1, they are asking people to double their investment, so some people may not do this, so chance of a decent shortfall and so can pick up some extra shares. Might go for $10 or $20 worth
Will wait and see what price is next Wednesday.
i really dont udnerstand wats keeping the sp up
when is the final entitlement due to be allocated? if it holds up until then or even after then where the majority of ppl are taking profits. Ill be godsmacked.
A pretty bad, but expected report released today and the sp is +4%? wat the....
im completely bewildered by this stock. Not that im complaining since i just made another $100 lol
when is the final entitlement due to be allocated? if it holds up until then or even after then where the majority of ppl are taking profits. Ill be godsmacked.
A pretty bad, but expected report released today and the sp is +4%? wat the....
im completely bewildered by this stock. Not that im complaining since i just made another $100 lol
Hey Never participated in a SPP before and was wondering when we would expect to know if we are to receive our desired shares, I only took up the allocated share no extra.
For some reason i thought it was the 4th of Sept that they were issued.
Forget that just read above 16th is the allotment date..
For some reason i thought it was the 4th of Sept that they were issued.
Forget that just read above 16th is the allotment date..
