TD1 - TALI Digital

[the barry]

Re: AVX - Avexa Limited

Will just pick them up at market as soon as they open. Would hope that they wouldn't open to much higher than the mid 70 range. There is a lot of hype in the media about them, being a take over target and valuations in the mid $1 mark. Would not be suprised to see them list near or above the 1 dollar mark though. Will pick them up regardless. Don't want to be seen as ramping, i don't hold any at present.

 

[Halba]

Re: AVX - Avexa Limited

Aspects valuation is $1.10. 15% quite a large royalty for Shire.

On this basis it will come on at around $0.95 and go to around 80-85c post rights.

 

[yo-yo]

Re: AVX - Avexa Limited

Anyone know what time AVX is going to resume trading?

 

[the barry]

Re: AVX - Avexa Limited

Anyone know what time AVX is going to resume trading?

Should be any second.

 

[the barry]

Re: AVX - Avexa Limited

Just read the report, you will be entitled to buy 2 shares for every 5 you own as long as you are registered on the 29th of march.You can buy these shares at 53 cents.

 

[Halba]

Re: AVX - Avexa Limited

No barry that is incorrect. The EX date 23rd march to be entitled for rights. That means if you buy either today or tomorrow you will get rights. If you sell you will not get rights.

 

[yo-yo]

Re: AVX - Avexa Limited

Anyone reckon this will go higher? Seems to be a lot of overhead resistance!

 

[the barry]

Re: AVX - Avexa Limited

No barry that is incorrect. The EX date 23rd march to be entitled for rights. That means if you buy either today or tomorrow you will get rights. If you sell you will not get rights.

Thanks mate, read the prospectus wrong. Got a bit too excited :

 

[the barry]

Re: AVX - Avexa Limited

No barry that is incorrect. The EX date 23rd march to be entitled for rights. That means if you buy either today or tomorrow you will get rights. If you sell you will not get rights.

Can you please explain something for me. If the X date is the 23rd and the entitlement date is the 29th, when can you sell your shares if you purchase them tomorrow so that you are still entitled to the share entitlement?

Thanks mate.

 

[Halba]

Re: AVX - Avexa Limited

On the 23rd...if you sell after 23rd it won't be on the registrar at that date 29th.

Think of it like going ex dividend....if you sell on the ex dividend date you pocket the dividend.

 

[yo-yo]

Re: AVX - Avexa Limited

If I purchased some AVX shares today would I be entitled to buy more AVX under the new prospectus at 0.53c a share?

 

[Reefer]

Re: AVX - Avexa Limited

Yes. You can purchase today and tomorrow and participate in the new issue.
You could then sell on Friday 10am and still get the new entitlement. Will be interesting to see where they settle on Friday a.m.

 

[the barry]

Re: AVX - Avexa Limited

Yes. You can purchase today and tomorrow and participate in the new issue.
You could then sell on Friday 10am and still get the new entitlement. Will be interesting to see where they settle on Friday a.m.

It states though on the 60 page announcement that you will get 2 shares for every stock you hold on the record date. Which is the 29th. If you buy tomorrow and then sell friday will you still be on record on the 29th? Or is it just from the time it goes x-date that you are entitled to buy them?

 

[Go Nuke]

Re: AVX - Avexa Limited

Well......aren't I kicking myself!
I said I was buying in (as per post 12)...but guess what....I didnt!

I put my cash in ERN instead...lol.
Oh well...guess thats the game u play.
Sometimes its better to follow a hunch. Now Im broke...so cant get in

Glad to see that i didnt buy at that $1.20 mark it was sitting on during the trading halt. Its 96c now.

Goodluck all

 

[Deadcat]

Re: AVX - Avexa Limited

Email Avexa. As I understand it, you can buy up until the 29th and then still get 2 for every 5.

 

[Reefer]

Re: AVX - Avexa Limited

I reckon it is pretty straight forward. They will go ex-entitlement on Friday morning the 23rd. That gives the company share registrars 6 days to process all the outstanding transfers which have occurred up to Thursday night so that on 29th they have a fixed record of who is entitled to participate in 2:5 issue. They then have to print all the entitlement forms based on that record date and get them out to us shareholders. They will not process any transfers from Friday on (the ex date) so you can sell Friday and still get the new shares. But the price will drop Friday am at least as far as the diluted price if not further imo.

 

[Reefer]

Re: AVX - Avexa Limited

You should look at the HotCopper posts if you wish to get really confused. The majority opinion seems to be that buying up to the 29th will entitle you to the 2:5, but I think there will be a few disappointed punters who buy from Friday 23rd on, if that is what they are believing.

 

[Gurgler]

Re: AVX - Avexa Limited

Can someone explain to me the concept of Rights Trading?

The current prospectus states that Rights Trading commences on the 23 of March and ceases on the 12 April. During this period "Eligible shareholders are entitled to trade their rights". How?

What does this mean? Is it just applying for their entitlement? But this ceases on the 19th April????

 

[bvbfan]

Re: AVX - Avexa Limited

The rights are the eligibility to take up the share offer (sorry don't follow this company) but I believe their is a 2 for 5 share offer at 55c or something.

The rights will trade under the code AVXR.

If you want you can sell your rights to someone on the market, but you are diluting your shareholding in the company if you don't accept.

But you make choose to do so if you have no money to take up the rights.

 

[Deadcat]

Re: AVX - Avexa Limited

Share rights 2 for every 5 at 53c. To trade rights go to ASX and lookup. I sold 3/4 of stock yesterday and retained 1/4 to take advantage of offer.