GTP - Great Southern Plantations

[michael_selway]

They did announce it to the market last month with plenty of warning....just check company announcements and calculate the percentage of dilution of the share price....i think i posted about it and did the calculation previously.

Hi the thing is, if we know this was the case, then we shoudl have sold before it went ex dilution?

Its different to ex div, because if u didnt sell u would get the div, if u sold before ex div, u wouldnt get div

thx

MS

 

[Julia]

Apparently large drop Monday was from two instos reducing their holdings.

Julia

 

[TheAnalyst]

Apparently large drop Monday was from two instos reducing their holdings.

Julia

Do you know which insto's sold and how much??

 

[Duckman#72]

Its different to ex div, because if u didnt sell u would get the div, if u sold before ex div, u wouldnt get div

Yes well said Michael. What benefit to current holders?

:swear: Great Southern

 

[TheAnalyst]

It should sort itself out as depending on the amount of trees conversions to ordinary shares as the more conversions the less borrowed money GTP will have to pay back and the more conversions GTP will be able to place into an equity account.

 

[TheAnalyst]

I just remembered the total trees conversion should make up to 4% of the total ordinary shares on issue therefore from say a share price of $4 it should come back to about $3.80-$3.84 roughly. It then depends on how many trees holders took up the conversion offer but GTP should announce it soon.

Dont expect to get great answers from the company spokeperson as to reply to these types of questions would need a qualified financial accountant/corporate accountant and highly unlikely that GTP would pay someone the right dollars to answer these questions...so most likely an administration dud is trying to answer and probally wouldnt know what to say.

 

[suhm]

Hi, new to the boards, I own both TIM and GTP, and their SP is erratic to say the least, like TIM today was down 12c in the morning but finished up 16c, still a strong supporter of GTP though and might top up if it goes down far enough.

 

[savtin]

Hi Analyst,
I can't wait until we get the May budget out of the way.........


GO GTP.

 

[Julia]

Do you know which insto's sold and how much??

Analyst

UBS reduced their position to now holding 10.3%
CBA " " " "" " 12.04%

Julia

 

[TheAnalyst]

Julia I cant seem to find this recent announcement in the company announcements.

Also the share dilution so far does not seem to be going to have a dramatic effect as only 1,250,000 new ordinary share issue has been announced representing only 0.4% of shares on issue.

I think the only hazard that is being trumped up once again as always at budget time is the up front tax deduction, which really should have no bearing for a number of years.

Go suncorp metway go

 

[savtin]

Julia,
What you have stated is not correct. They both (CBA and UBS) announced to the market last week that they had increased their positions and those % you gave is what they went up to (not down to)........................where are you getting your info from????????

 

[TheAnalyst]

i cant believe how incorrect you have been julia!!!!

 

[savtin]

Hi analyst,

How do you think GTP will play out in the short term?? seems to be some accumulation going on.
cheers
savtin

 

[TheAnalyst]

Hi analyst,

How do you think GTP will play out in the short term?? seems to be some accumulation going on.
cheers
savtin

it should continue higher as there was not the full conversions of trees so the dilution is much much smaller so it should trade above $3.90 and once the market gets a wiff of the sales it should shoot up again in line with earnings upgrades and increases.

I got by dividend advice today so its in the bank a couple of days ago and didnt realise.

In early JUne after the next MIS happens the company usually releases the sales revenue guidance and update. So it should be good and it should slowly climb and gather momentum until just before that date.

 

[savtin]

By the way Analyst,
Sorry to pull you up but the two recent announcments by the company as for the conversion of 5.5million shares was for the trees conversion and the 1.5million was for the DRP dividend reinvestment plan.so in total the shares have increased by nearly 7million.......

go back and read the 2 announcments.....anyway don't mean much as this babe is moving up to greaner pastures....

go GTP and all you faithful holders.

 

[TheAnalyst]

By the way Analyst,
Sorry to pull you up but the two recent announcments by the company as for the conversion of 5.5million shares was for the trees conversion and the 1.5million was for the DRP dividend reinvestment plan.so in total the shares have increased by nearly 7million.......

go back and read the 2 announcments.....anyway don't mean much as this babe is moving up to greaner pastures....

go GTP and all you faithful holders.

I just read the first one...sorry about that but it is good news as GTP keeps the loan money now and goes into share equity via conversion. Wonder what they will do with the money and its a sign of market confidence that the holders took up the conversion.

 

[Julia]

Julia,
What you have stated is not correct. They both (CBA and UBS) announced to the market last week that they had increased their positions and those % you gave is what they went up to (not down to)........................where are you getting your info from????????

Savtin,

My apologies to everyone. It was second hand info in that it came from a broker I was talking to. Her comment was that they had both reduced their positions to the percentages quoted.
Will take it up with her!!!

Julia

 

[Julia]

i cant believe how incorrect you have been julia!!!!

Analyst

Why not? I passed on what I understood to be correct information. It made sense at the time, given the substantial drop in the SP. It was wrong. I have apologised. I notice it was Savtin who picked it up, not you.

Julia

 

[Julia]

I just read the first one...sorry about that but it is good news as GTP keeps the loan money now and goes into share equity via conversion. Wonder what they will do with the money and its a sign of market confidence that the holders took up the conversion.

Isn't there some saying about "he who casts the first stone....."?

Anyway, it was good to see such an improvement today.

Cheers
Julia

 

[TheAnalyst]

Isn't there some saying about "he who casts the first stone....."?

Anyway, it was good to see such an improvement today.

Cheers
Julia

but yours was more serious than mine