UTO - U308 Limited

[kariba]

I think i read that somewhere in the prospectus. Eg is they are entitled to 10 000 and apply for 15 000 the first 10 000 they will get priority but the other 5000 will be same rules as public offer.

I may be wrong. I somehow got a feeling i didn;t get shares doesn't matter, $$$$ back soon

You are right GIR holder will be treated "the same" as public in the public offer.

"how will i be informed if i have received shares? and will i be infromed a few days before they start trading?"

Your shares will AUTOMATICALLY appear a day or two before float date.

cheers

 

[esprit]

Do they send us a letter before float date confirming if we got the shares?

 

[nukiee]

esprit - when did you send through your cheque? I sent mine on 5th on April and im having doubt's that i will get any shares allocated on the public offer because i sent it from Sydney (probably take 2 days to get there). Which means on Friday 7th they already announced the oversubscription...
kinda disappointed that i didnt send in my cheque earlier...

 

[astojic86]

How do you know they announced on the 7th?

I saw the offer closed on the 13th,

the only thing that would annoy me is if they cashed my cheque and didn't give me shares.

They should not cash cheques at all if you are ot gonig to get shares, if your cheque arrives too late.

 

[nukiee]

How do you know they announced on the 7th?

I saw the offer closed on the 13th,

the only thing that would annoy me is if they cashed my cheque and didn't give me shares.

They should not cash cheques at all if you are ot gonig to get shares, if your cheque arrives too late.

Because on the ASX website for GIR there was an annoucement on the 7th. I also called up U308 the next Monday and the the lady said the offer was on a first come first served basis. So most likely I won't be allocated any shares even thought I sent my application on the 5th. Yeh.. kinda disappointing as your money is tied up for like over a month!!

 

[benny01]

I find it absolutely appalling for UTO to bank in cheques of applicants that will not be offered any share allotment.

 

[nukiee]

I find it absolutely appalling for UTO to bank in cheques of applicants that will not be offered any share allotment.

Benny... i think its a standard for all floats... the company itself doesnt actually cash your money and then send it back if they dont need it. The share registry takes care of everything and puts all the money in a trust account or something... what they dont need after the closing date they'll send back soon after...

 

[benny01]

Has anyone been contacted by UTO yet regarding allotments or their refund cheque?

 

[Profitseeker]

Not me.

 

[jet-r]

call UTO on the 12th to find out if you dont see any shares on your trading account.

Has anyone been contacted by UTO yet regarding allotments or their refund cheque?

 

[esprit]

call UTO on the 12th to find out if you dont see any shares on your trading account.

What do you mean trading account? I thought they just send you a letter with your chess holding #. Then to make those shares appear online (at least for me anyway with ANZ E*Trade) you have to enter in the data incl chess number on your Etrade website? They don't just automatically pop up online?

 

[Devil_Star]

I was kinda late for subscription as well. I feel alright if I am not entiltled to even a share. But I think U3o8 is very slow with the share alottment process. I really want to get informed and have my refund cheque asap. I want to park my money on some other investment instead of someone else's acc. :swear:

 

[jet-r]

What do you mean trading account? I thought they just send you a letter with your chess holding #. Then to make those shares appear online (at least for me anyway with ANZ E*Trade) you have to enter in the data incl chess number on your Etrade website? They don't just automatically pop up online?

it will appear in your trading acc if you quote them your HIN number.

 

[andrewkmz]

It has appeared in my HIN account. Scheduled start trading on 12/5

 

[imajica]

when did u send ur cheque in?

I sent mine off via express post on the 30th March, no shares have appeared in my trading account though

 

[andrewkmz]

I took my priority offer and send cheque on 1/4.

 

[imajica]

would u know if they are sending their cheques out today? or is that usually delayed?

also, would u be able to tell me what the phone number is for enquiries regarding allocation for the float?

 

[yogi-in-oz]

Warning: ..... astrostuff ahead.

..... some time cycle analysis for UTO - U308 Ltd.

Hi folks,

Firstly, some general thoughts on trading IPOs, but
please note, this is NOT ADVICE, simply a discussion ... ???

-----

UTO ..... as with many ipo's, there will be many traders
wondering about the prospects of the company, ahead.
There's some advantages to trading new listings, if we
can get our market timing correct.

Some of these advantages, include:

1. Most (not all) ipos will have sufficient cash to fund their
operations, without rattling the tin for more money.

2. A relatively low number of shares on issue, making
the stock more volatile for trading purposes.

3. With better market timing, we have an edge over
many other traders and "investors", as well as the
"blind stags", who are really only HOPING that
a stock will rally from the outset.

4. Using time cycle analysis, we can project anticipated
price swings, far ahead.

5. Time cycle analysis may result in entering stocks,
at prices below the original ipo.

-----

Of course, we must also look at the downside, too:

1. Sometimes, ipos are held so tightly, that liquidity
becomes a real issue ..... PSA was an example of this
and it took about 2 years to gain a larger shareholder
spread and improved liquidity for traders ..... but
meanwhile, it was fun to trade the sharp moves.

2. Being only newcomers, ipos can take a while to
become known to traders and even with good news,
it may take a couple of days for some traders to
respond, in some markets.

3. Often fundamentals have not developed enough
to make a good assessment of the management team.

4. Technically, there's probably not enough data for
most chartists, until the first year has passed .....
..... meaning, that they may have lost several
opportunities to trade the stock, in the initial
12 months.

-----

Now, by using Gann's methodology, we can forecast
many of the anticipated price swings by evaluating
the time axis only, on our charts.

Such methods are helpful, as:

1. Stags can gauge better exit points.

2. Traders can wait for the listing and often enter
at much lower prices, than the original ipo.

3. Chartists can use the time axis analysis to
confirm their own evaluations, using minimal data,
like candlestick patterns.

4. Using time cycle analysis for ipos, allows us to
improve both entries and exits, in our trades.

5. “Investors” can use time cycle analysis, as confirmation
of their own conclusions, for both entries and exits.

In summary, IPO's are a classic example of where technical
analysis is all but non-existent, due to lack of data .....
and the fundamentals are often exaggerated .....

..... step in, time cycle analysis or astroanalysis.

Call it what you will, these astrotools DO fill the technical
void, until there's enough data to give us a reasonable chart.

Now back to our new listing, UTO and some anticipated
swings in sentiment, until mid-August 2006, where UTO
is really expected to be in a negative trading mode ..... 


May 2006:

03-26052006 ..... UTO has an underlying positive tone,
during this time and this same positive cycle will also
return, from about 06-31122006.

04052006 ..... communications form company???

18052006 ..... 4 cycles come together here, so this
should be a significant time for UTO.

26053006 ..... minor and positive ..... finances???

29052006 ..... minor cycle

June 2006:

01062006 ..... significant and positive news ???

16-19062006 ..... positive spotlight on UTO .....

21062006 ..... negative cycle ..... finances-related???

23062006 ..... minor news???

July 2006:

14-17072006 ..... 3 conflicting cycles here, may result
in flat trading during this time???

19072006 ..... minor

August 2006:

08-10082006 ..... 2 minor cycles here may bring
some financial news???

18-21082006 ..... negative spotlight on UTO

25-28082006 ..... significant, negative news here???

happy trading

yogi

P.S. ..... for the skeptix ..... monitor progress of another
recent listing, PYM ..... you
can find relevant key dates,
in the PYM thread .....



=====

 

[jet-r]

10000 share appeared on my trading account. thats not even half of what i wanted :swear:

 

[imajica]

was freaking out earlier as nothing had appeared in my account. just checked, very relieved, got 10000. only a quarter of what i asked for, but cant complain. these are going to rocket on opening!!!

good luck to all who received an allocation!!!