"Remember that the retailers cannot sell the shares bought in the SPP till they are officially allocated on friday"
That is wrong. See page 8 of the offer document:
"(vi)(Allotment Date) the Company proposes to allot the New Shares on Thursday, 29 May 2014;
(vii) (Trading Date) the New Shares are expected to commence trading on Thursday, 29 May 2014;"
Allotment date and trading date are the same. Maybe if you are with Commsec you won't get them in your account until Friday the 30th, but others will get them on the 29th.
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