TLG

0.00%

49.5¢ talga group ltd

Ann: Talga Share Purchase Plan closes early, page-17

First 17 Last

Share
Profile

Follow
bolgo

586 Posts.

41

24/10/22

16:57

Post #: 64365266
Share

Originally posted by Penny Pincher: ↑

bolgo

I am sure that there have been academic studies demonstrating that successful companies display steadily increasing share prices reflecting consistent delivery of operational milestones, while volatility in share prices reflects risk (both upside and downside) but usually does not bode well for a company's risk rating even - or especially - when the price volatility is unrelated to what is happening at an operational level.

To me a successful placement and/or SPP is one that achieves two key objectives:

1.) It manages to raise the capital that the company aimed to raise

AND

2.) The capital raising is conducted with minimal impact on share price volatility.

Your x & y vagaries of the market scenario clearly fails the second objective and it appears TLG management actually agree.

To me early closure of the SPP is certainly welcome (i.e. reducing the period of time of heightened share price volatility), as was the comment from section 4.3.b of the SPP announcement (14.10.2022):

Scale back: To manage the 'cap' in section 4.3(a) and to comply with the terms of ASIC Instrument 2019/547, it may be necessary to scale back an Eligible Shareholder's application, particularly if A$10 million of New Shares are applied for under the SPP. At this stage, the Company intends to apply the scale back by giving priority to applications received on a 'first-come, first-served' basis, however the final decision on how any scale back is conducted will be in the Board's sole discretion, and the Board may take into account a number of factors such as the size of an applicant's shareholding at the Record Date, the extent to which the applicant has sold or purchased shares since the Record Date, whether the applicant has multiple registered holdings and the date on which the application was made.I actually only discovered this little clause now. Looks like they already reward shareholders who purchase during the SPP and punish those who sell.

Actually, I think TLG has done really well on this SPP.

However, I am happy for them to be even more explicit and state categorically that any shareholder selling into the SPP becomes ineligible to participate in SPP.

all imho

Expand

don't disagree but consider last SPP@ $1.45 (I fully participated)

an appreciating share price would have been nice

SPP generally suppress Share prices in my experiences

not a trader, had TLG for a number of years, in SMSF and personally, arbitrage was on a small %

I'll advise on allocation

TLG Price at posting: $1.20 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

OPL

Opyl forms JV with UK and US consortium to bring products to the world

AAI

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

There are more pages in this discussion • 20 more messages in this thread...

First 17 Last

Add TLG (ASX) to my watchlist

(20min delay)
Last 49.5¢		Change 0.000(0.00%)		Mkt cap ! $188.1M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	4500	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.5¢	30000	1

View Market Depth

No.	Vol.	Price($)
3	4500	0.525
2	2200	0.520
3	52380	0.500
1	4000	0.480
1	1408	0.465

Price($)	Vol.	No.
0.500	13330	2
0.510	4676	2
0.515	15000	1
0.520	4008	2
0.540	1450	1

Last trade - 16.12pm 26/07/2024 (20 minute delay)

TLG (ASX) Chart

Day chart unavailable

Ann: Talga Share Purchase Plan closes early, page-17

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Opyl forms JV with UK and US consortium to bring products to the world

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Geochemical work at Newington picks up gold and copper anomalies for Midas

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Talga Share Purchase Plan closes early, page-17

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Opyl forms JV with UK and US consortium to bring products to the world

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Geochemical work at Newington picks up gold and copper anomalies for Midas

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News