NAB - National Australia Bank

[oldblue]

No real science in this but I'm unlikely to participate if the SP stays around current levels. Too many other (seemingly?) attractive stocks around at the moment, competing for my cash when the market turns.
But if the SP were to jump or crash in the last few days before 5 December I may reconsider.

 

[rewesh04]

Boys

The bank is not that dumb, watch the SP for NAB around the end time of the offer, Of course will raise over $20 , or else people will not buy any shares from the offer. Even if the share price stays below $20 mark , the bank itself will buy a huge amount to make the sp goes over $20 . Watch and see !!!!!!!!!!!!!!!!

 

[oldblue]

Boys

The bank is not that dumb, watch the SP for NAB around the end time of the offer, Of course will raise over $20 , or else people will not buy any shares from the offer. Even if the share price stays below $20 mark , the bank itself will buy a huge amount to make the sp goes over $20 . Watch and see !!!!!!!!!!!!!!!!

I'm not sure that NAB is all that concerned if the full $250m ( less than 8% of the total sought ) is not subscribed.They reserve the right to scale back if applications exceed that figure. After all, the institutional offer has already raised $3b and restored NAB's Tier 1 capital to above the magic 8%.
The SPP should be interpreted as NAB " keeping faith" with its small shareholders, IMO.

 

[nth brisbanite]

The bank is not that dumb, watch the SP for NAB around the end time of the offer, Of course will raise over $20 , or else people will not buy any shares from the offer. Even if the share price stays below $20 mark , the bank itself will buy a huge amount to make the sp goes over $20 . Watch and see !!!!!!!!!!!!!!!!

Is the above legal? Isn't that manipulating the market? I'm sure that ASIC would investigate NAB if they dared to buy huge amounts of shares to pump up the price.

 

[robots]

hello,

they should be sending us letters to sign for the sacking of 80% of the management team because the performance has been pathetic,

Chaney has a lot to answer, and I believe Ahmed Fahour should be stood down for offloading shares at $24 each a month prior to capital raising

thankyou
robots

 

[ROE]

Boys

The bank is not that dumb, watch the SP for NAB around the end time of the offer, Of course will raise over $20 , or else people will not buy any shares from the offer. Even if the share price stays below $20 mark , the bank itself will buy a huge amount to make the sp goes over $20 . Watch and see !!!!!!!!!!!!!!!!

huh? what the hell are you on about?
lot of company has raised equity recently and their share price tank way below the raising equity price.

WES - $30 tank to $19 bucks
CBA - $33-$34 bucks tanks to $29 recently
IPL - $2.50 tank to $2.25 recently recover...still way off $4 mark before
the equity raising.

I tell you why people buy them at $20 ..most of them are place for institution and that the only time they get to buy a large chunk of shares at fixed price..any other time they have to buy it over weeks and months before they get the required number of shares
and when they do that it could drive the price up 10%-20% by the time they are done buying.

The market decide the price of the stock got nothing to do with they want to maintain a certain price level.. if NAB make more bad debt and the condition get worse you see it tanks below $20, not saying that it will but that how the market works.

 

[oldblue]

That's pretty much how it is.
And you can add SBM and CSR to the list of stocks trading below their recent issue price - although 'recent" might be stretching things a bit in SBM's case.

 

[skyQuake]

NAB making a break.

Tiny volume on the break and follow-thru today prob means this is some kind of false break.

 

[oldblue]

There's been a bit of talk about the prospect of NAB needing to have another capital raising.
After the success of the ANZ "easy money" SPP it's possible that there's a bit of a rush to get set with a few NAB in case they follow suit.

The story is a few days old but here it is.

http://www.businessspectator.com.au...t-capital-raising-TTDZQ?OpenDocument&src=srch

 

[skyQuake]

And here we have a nice island reversal coupled with a false brk. Might re-enter shorts at end of day.

 

[dracula]

And here we have a nice island reversal coupled with a false brk. Might re-enter shorts at end of day.

The SPP offer is $21.50
I wonder if the market price will drop further on Mon, or we can hedge to lock in 80 cents profit...

 

[skyQuake]

The SPP offer is $21.50
I wonder if the market price will drop further on Mon, or we can hedge to lock in 80 cents profit...

I'm short NAB and playing it on the short side so take my bearishness with a grain of salt.

In general the share price takes a dive on the day the instos trade their placed stocks.
I'm loving the price action at the moment. Dow up 2%, NAB ends the day in the red; False brk, island reversal, laggin price leaders - all say loads about how NAB is gonna fare.

 

[nomore4s]

I'm short NAB and playing it on the short side so take my bearishness with a grain of salt.

In general the share price takes a dive on the day the instos trade their placed stocks.
I'm loving the price action at the moment. Dow up 2%, NAB ends the day in the red; False brk, island reversal, laggin price leaders - all say loads about how NAB is gonna fare.

You don't think that gap might be filled though?

I've noticed on alot of the stocks that have had capital raisings gap down and then end up trading back at the price level before the raising not long afterwards. This probably has more to do with the strength in the market lately though.

 

[skyQuake]

You don't think that gap might be filled though?

I've noticed on alot of the stocks that have had capital raisings gap down and then end up trading back at the price level before the raising not long afterwards. This probably has more to do with the strength in the market lately though.

Though there is that possibility, I consider that remote for now. Its still technically an island reversal, and I'm waiting for it to play out. In the meanwhile I would still be playing NAB to the short side, though I do expect a squeeze sooner or later.
-----------------
This is NAB's second raising in 12 months, and it was the bad debt provisions that drove it down, rather than the cap raising. Have a look at BBG, they raised, and never got back up again.

Cheers

 

[Motogoon]

Hey, i've never bought shares from a share purchase plan but have a opportunity to with NAB.

Is there a minimum amount of time i have to hold them after purchasing or can i just sell them as soon as i get them?

Seems like an easy way to make a quick profit if you're allowed to do that & if the price stays where it is.

 

[oldblue]

Hey, i've never bought shares from a share purchase plan but have a opportunity to with NAB.

Is there a minimum amount of time i have to hold them after purchasing or can i just sell them as soon as i get them?

Seems like an easy way to make a quick profit if you're allowed to do that & if the price stays where it is.

Offer closes 21 August.

Allotment date 31 August.

Holding statements/Confirmation Advice despatched 2 September.

No minimum time required to hold once you know you have them.

 

[ajjack]

Maximum application is only $15K, and even then it is likely
to be scaled back.

Not to worry, there's still a quick and easy profit to be made,
provided the markets stay strong for a few more weeks.

 

[YELNATS]

Maximum application is only $15K, and even then it is likely
to be scaled back.

Not to worry, there's still a quick and easy profit to be made,
provided the markets stay strong for a few more weeks.

I wonder how the scale back will be performed.

Will it be a set % scaleback for all amounts up to $15,000 or will the higher amounts be scaled back by a bigger % than the lower amounts?

The answer to this could determine how much I allocate to this SPP, as I don't want to tie up cash unnecessarily even for perhaps a couple of weeks, when it will only be refunded to me.

 

[oldblue]

I wonder how the scale back will be performed.

Will it be a set % scaleback for all amounts up to $15,000 or will the higher amounts be scaled back by a bigger % than the lower amounts?

The answer to this could determine how much I allocate to this SPP, as I don't want to tie up cash unnecessarily even for perhaps a couple of weeks, when it will only be refunded to me.

With the paper profit at over 20% on current SP I won't be worrying about tying up a bit of cash for a couple of weeks!

 

[hijk]

I received two different applications for the NAB share offer for different holdings.

The application says any shareholder can only apply for a maximum of $15k.

If allocations are scaled back as seems likely, and there is a minimum number of shares offered to each holding after a scale back, I might get a bigger allocation by splitting my application over the two separate holdings.

Does anyone more experienced know how scale backs are typically done ?