In 2009, ANZ had 178000 retail shareholders (40%) apply for the spp. The bank accepted all applications and issued $2.2billion of equity....in addition to the $2.5billion institution placement. The original figure was for only $350 million to retail , and anything more was subject to scale back...but they took everything they received...$2.2billion which is a similar amount allocated to institutions.
So NAB might accept a lot more than $500mill from retail applications. $3billion is allocated to institutions.
If 40% of the 570000 retail shareholders apply for on average $15k, = $3.4 billion which is a similar amount allocated to institutions.....not all applications will be for the $30k.
Last month's cochlear spp amount for retail shareholders was increased by x4.
NAB scaled back their 2009 spp but they may accept a whole lot more this time in my opinion.
NAB SPP, page-48
-
- There are more pages in this discussion • 281 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NAB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$37.41 |
Change
0.170(0.46%) |
Mkt cap ! $115.6B | |||
| Open | High | Low | Value | Volume |
| $37.50 | $37.54 | $37.34 | $107.6M | 2.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $37.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.42 | 10206 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NAB (ASX) Chart |