I also let this one go in my Speculative Stock Portfolio, not expecting this level of acceleration in share price. Really hoping they will allocate a decent number of shares for the Share Purchase Plan which I applied for. It's expected to be scaled back heavily as they are only raising $5m.Frustrating one for me. I missed a tight stop limit entry on 2nd April by 1c due to a small gap and thought I'd let it go. Z1P has been on a ripper run since then.
85% scaleback, so we only get allocated 15%. I bought in because of the price arbitrage. Hopefully the price remains nice and high for the next few days.Really hoping they will allocate a decent number of shares for the Share Purchase Plan which I applied for. It's expected to be scaled back heavily as they are only raising $5m.
Although the new shares are not going to be listed till a later date, the actual allocated amount is going to be disclosed on the 18th (this Thursday). Will be looking forward to that announcement.85% scaleback, so we only get allocated 15%. I bought in because of the price arbitrage. Hopefully the price remains nice and high for the next few days.
Correct.Although the new shares are not going to be listed till a later date, the actual allocated amount is going to be disclosed on the 18th (this Thursday). Will be looking forward to that announcement.
Yep, as you said there is a big arbitrage to be played here. Nothing is guaranteed though, since you can't trade the new shares till the 23rd of this month. Shares can come down just as fast as they've gone up between now and then (hopefully not ).
Very true. I've done the math based on today's share price.Yep, as you said there is a big arbitrage to be played here. Nothing is guaranteed though, since you can't trade the new shares till the 23rd of this month. Shares can come down just as fast as they've gone up between now and then (hopefully not ).
Yeah, that's always the worry when a stock has run up that hard. I don't like chasing and buying into stocks that have shot up straight into the stratosphere due to this worry. Let's see if this is a major correction or more of a pull back for Z1P...From what I see this is likely to come off pretty hard sooner than later.
At best an inside day today.
1490 extra z1p shares just appeared in my account. Looks like my best guess calculation was spot on.Very true. I've done the math based on today's share price.
I got allocated only 500 shares, not the full 15% that I was hoping for. Found out why the allocation was small. Then decided whether to hold onto them or sell them at the current profit. Details in the Speculative Stock Portfolio.If you put in the full 15k, you would have been scaled back to 1490 shares. Based on today's opening price of $2.56, that gives you a profit $1534.70.
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Well that's a shame. You had to be holding enough Z1P shares originally. Fortunately I met that criteria, but I see some people missed out. Although we all missed out really. At a maximum 15.2% scaleback, our profit was given away to the institutions before we ever had a chance.I got allocated only 500 shares, not the full 15% that I was hoping for.
Z1P has been outperforming APT of late.I suppose it's riding on Afterpay's coattails
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