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IPO - Initial Public Offering 
JPR - Jupiter Energy
- Thread starter canny
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ALFguy
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Shroomos said:excuse my ignorance, but what does IPO stand for?
Not ignnorance, just learning hey
IPO > Initial public offering - in this case it's the Jupiter Biofuels (JBF) IPO to raise 75mil.
Ok, Rainbowsend beat me to it. I should read all the threads first in future
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well this one has me a little confused, but I think the price fall has something to do with unexcercised options and nervous sellers. A director bought up big at 20.5c and he would know more than we would right?
The specie distribution should go ahead which should see a min value of current jpr shares as 25cps. I bought in @ 20c, so jpr would have to tank to below 5c before i loose out. Then there is the theory of whether the ipo will open at a premium or discounted listing - only time will tell.
Either way, it's going to either be a winner and make a lot of money or at least pull out even. It's still early days
The specie distribution should go ahead which should see a min value of current jpr shares as 25cps. I bought in @ 20c, so jpr would have to tank to below 5c before i loose out. Then there is the theory of whether the ipo will open at a premium or discounted listing - only time will tell.
Either way, it's going to either be a winner and make a lot of money or at least pull out even. It's still early days
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Note the latest announcement of a director buying in at 17.5c earlier this week. Also note on his holding statement that his remaining options are at 20c.
Hopefully all the 8c and 12c options have now been excercised.
Today will be interesting considering yesterday's increasing volume and decreasing price.
My position is at 20c but still considering whether to give JPR another 'kiss of death' at 15c (14.5?)
Hopefully all the 8c and 12c options have now been excercised.
Today will be interesting considering yesterday's increasing volume and decreasing price.
My position is at 20c
but still considering whether to give JPR another 'kiss of death' at 15c (14.5?) his wife... wonder if she is a hard b**ch, haMorgan said:Note the latest announcement of a director buying in at 17.5c earlier this week. Also note on his holding statement that his remaining options are at 20c.
Hopefully all the 8c and 12c options have now been excercised.
Today will be interesting considering yesterday's increasing volume and decreasing price.
My position is at 20c
ALFguy
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Some panic selling going on this morning - 14c
I wonder, is everyone considering grabbing some more but holding out to see how far it drops? If this is the case, that's a good reason we're not seeing an influx of buyers right now.
As we see ppl panic selling like this, the buyers may aswell drop their price and sit and wait. I can see this turning on a dime when/if any large buys are posted.
That said, it's emotionally draining watching it sell off like this!
I wonder, is everyone considering grabbing some more but holding out to see how far it drops? If this is the case, that's a good reason we're not seeing an influx of buyers right now.
As we see ppl panic selling like this, the buyers may aswell drop their price and sit and wait. I can see this turning on a dime when/if any large buys are posted.
That said, it's emotionally draining watching it sell off like this!
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but i don't see what the panic is for? Simply because of the JBF spin off devaluing the JPR share price??
Talk about draining to watch!
Talk about draining to watch!
ALFguy
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I guess uncertainty? No-one knows whether there'll be any uptake on the IPO.
Looks like there was a release yesterday of a disclosure document under the ticker JBF detailing everything about the IPO - all 160 pages of it!
Looks like there was a release yesterday of a disclosure document under the ticker JBF detailing everything about the IPO - all 160 pages of it!
I cant see why holders would be worried about a devalued share price, when it should even out, or be better off, when bonus shares are issued. I would lean towards being better off. I would have thought this would keep the current shares fairly strong, unless it is correcting itself after the fluctuation. That said, there is not alot of trading happing now, so who knows where this will go. In the long run, I think it will do good though, but what would I know, let me know your opinions.maverick11 said:
ALFguy
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Ok, I'm concerned about the price as much as the next man....but take a look at the depth: Yeah the buy side is p#ss poor and we're only seeing buyers step in now and again....
...BUT....look at the sell side >
Only 3 at 15c
no-one at 15.5c or 16c!
only 2 at 16.5c
3 at 17c
2 at 17.5c
and so on......
Anyone wanting to place a large buy order would end up booting the share price right up. Just an observation.
...BUT....look at the sell side >
Only 3 at 15c
no-one at 15.5c or 16c!
only 2 at 16.5c
3 at 17c
2 at 17.5c
and so on......
Anyone wanting to place a large buy order would end up booting the share price right up. Just an observation.
ALFguy
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Buy side building up now - 290k at 14c > some people think this is a bargain
Realist
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ALFguy said:Buy side building up now - 290k at 14c > some people think this is a bargain
I bought more at 14c
I calculate that JPR will nosedive after we get JBF.
So I will sell JPR and claim the tax loss, then hold JBF for a long time to reduce the tax, so I will hopefully make a profit, and make alot of money off tax!
It should work!
Realist
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Up to 15 now, hopefully I hit the low!
ALFguy
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Realist said:Up to 15 now, hopefully I hit the low!
That was sweet if you did
By the way, I agree JPR will tank more than we expect following JBF, but for many it'll be a toss up between selling for a profit before 17 Nov or, as you say, holding out and selling for a tax loss and viewing the JBF as long term.
Realist
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So if you sell at 10:00am on Nov 17th you still get JBF?
But if you sold at 4:00pm on the 16th you do not get it, is that right?
But if you sold at 4:00pm on the 16th you do not get it, is that right?
Realist that is correct. You must be holding at 5pm on record date. What you the next day wont matter.
However your tax theory isnt quite correct. Some of your cost base of JPR will need to come accross to form a cost base of JBF. Therefore the cost base of your JPR will not be what you purchased the shares for.It all depends on the MV of JBF etc and the company should announce how to allocate the cost bases.
If they dont the ATO will normally do this at some stage to assist taxpayers who hold JPR shares after the in-specie distribution.
However your tax theory isnt quite correct. Some of your cost base of JPR will need to come accross to form a cost base of JBF. Therefore the cost base of your JPR will not be what you purchased the shares for.It all depends on the MV of JBF etc and the company should announce how to allocate the cost bases.
If they dont the ATO will normally do this at some stage to assist taxpayers who hold JPR shares after the in-specie distribution.
