Ok, looks like you sold your old shares today. The new ones are in your account, but probably not tradable.
Related to that, do you mind me asking when were you notified how many shares you have been allocated/scaled back?
Cheers
anyone who asked up to 5000 shares will get them, anything above 5000 restricted to 3 times your initial allowance
I "just" ask 20k worth, I could have asked three times as much..a good learning experience !!! even if I expect STO might fall a bit in the coming days as people like me offload a bit
anyone who asked up to 5000 shares will get them, anything above 5000 restricted to 3 times your initial allowance
I "just" ask 20k worth, I could have asked three times as much..a good learning experience !!! even if I expect STO might fall a bit in the coming days as people like me offload a bit
Indeed.. I asked for 5 times my allocation (still under 5000), which I thought was being cheeky, but in hindsight I maybe should have bought more if I had known they would allow such large overbuys.
gooner,
as I understand it, you can have 5000 PLUS 3 times your allocation so not so bad..but amazed indeed that they do restrict allocation while given shares to underwriters..
I do own STO...
Gooner, just went and read again the announcement.Indeed, you might be right and it does not make much sense.
As I asked less than 5000, I did not focused on that case.
Hard to understand why they would act that way, you would expect a minimum of 5000 unit for every participant.....Let's hope for you it is a misunderstanding
This is not a mistake. I know of a person who were eligible to 100 shares. He appied for 7000 shares and was given 300 shares. He emailed them arguing that he should be alllocated atleast 5000 shares. They gave a reason that they used some formulato work out the allocation and it is at there discretion. Nothing you can do about it.
Any idea why the SP of Santos has fallen by so much lately? It has fallen by much more than the drop in oil price.
Do people really think that STO is grooming itself as a takeover target when the ownership limits are removed? IMHO removing the limits will force it to become a big player or be gobbled up. Its recent purchase of a 20% interest in ESG shows that it is looking forwards.
The ownership limits have already been removed but what's holding up any possible "corporate action" is an embargo on the corporate advisers who were involved in a recent confidential look at STO's books.
STO has its own plans for moving forward, a lot of which involve the development of its coal seam gas assets, but that won't necessarily deter a determined big from a bigger player.
Disc: Holding STO.
PS. I've been trying to find the report on which I based my comment here but haven't been able to. Perhaps you should disregard my first paragraph unless/until someone else can verify or discount.
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