http://asx.com.au/asxpdf/20110405/pdf/41xvjh1s0bz45n.pdf
"Given the strong demand from investors for the Institutional Placement and in an effort to increase liquidity in the secondary market of Matrix shares, Mr Aaron Begley has sold down 350,000 shares in the Company."
The original proposal was to raise $6.0M from the SPP.
"Given the strong demand from investors for the Institutional Placement and in an effort to increase liquidity in the secondary market of Matrix shares, Mr Aaron Begley has sold down 350,000 shares in the Company."
The original proposal was to raise $6.0M from the SPP.
What does it actually mean?
http://www.matrixap.com.au/files/MCE%20310311.pdf
Heres some extra info on MCE. MCE seem to think their shares are undervalued if I read correctly.
Overall its a good report, covers some concerning aspects but also addresses the promising prospects of the company.
Heres some extra info on MCE. MCE seem to think their shares are undervalued if I read correctly.
Overall its a good report, covers some concerning aspects but also addresses the promising prospects of the company.
i was about to but couldnt make sense too well of the data.
However it did seem worse case the IV would still be well under, as it is now.
Has anyone received their SPP letter today?
Tomorrow is the cut off isnt it?
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No. Tomorrow is not any cut off. The SPP only opens next week...so you probably won't receive anything till late this week or early next week. You then have a few weeks to submit the acceptance..so there is no rush!
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I am not sure if I should buy more at 8.50 or not. I originally got in at 4 and 5 dollars but now the IV will be going down and by my estimates the share price is around IV at the moment anyway.
I have a wad for new investments but not sure at the moment of anything in the market as nothing jumps out at being significantly below IV.
Are the future prospects of MCE good enough to warrant ploughing more money in?
I have a wad for new investments but not sure at the moment of anything in the market as nothing jumps out at being significantly below IV.
Are the future prospects of MCE good enough to warrant ploughing more money in?
What figures have you used for that?
Ive IV as around double the current share price.
Having said that, those calcs arent with any recent data.
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Interesting, the share price is moving toward $8.50 - soon it may not even be worth participating in the SPP!
Having said that, I think MCE is currently undervalued and once they release this year's results it will be even more undervalued. Happy holding.
I was thinking today, wouldnt it be funny if it dropped a little further to under 8.50. Im thinking it was just a bad day in general for the market.
As I also have MCE valued at more than it currently is, so unless something occured im yet to be aware of its still all good.
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Got my SPP offer today, not sure if I want to increase my holdings yet. I only bought in at about $9 but, who knows, in the next few days it may drift at/below $8.50...
I was wondering the same thing,
Any reason why its gone down lately?
I know its the ASX in general but I just was curious as to why the large drop.
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$8.5 - wow. didn't expect it to get down to the SPP price.
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Yes, very interesting - I guess the SPP won't be oversubscribed now!
With other SPPs, they generally have a weighted average percentage discount for this situation. Right now though, you are probably better off buying on market instead of through the SPP.
I dont think its bottomed as such but thats just speculation on my part. Its been consistently going down for the last few days.
Im wondering when to get more shares. I bought mine when they were under $9.
Today saw they were $8.47 at one point (not sure if it was less)
So thats under the SPP and doesnt make the SPP appealing to me anymore.
