No George. You need to have been diluted (read "sc3w3d") with the placement in order to qualify for the SPP. That means if you weren't holding the shares by cob yesterday you don't qualify.
If we have a stinker on the Dow tonight, you might actually be able to buy on market tomorrow at close to the placement price (but hope not for existing holders) as the instos who took the placed stock dump their plunder on market.
The SP technical breakout above the $23 level appears to have been engineered just in time for this raising. Good timing from NAB.
I am surprised that their Tier 1 ratio will only improve from 8.2% to 8.8% with this raising.
Are there any ASX limitations on how many SPPs you can do for retail investors??? If not, I don't see why the bank would refuse additional money if offered by retail holders, just like ANZ. Unless it is a condition of the placement that NAB must cap the SPP.
200 shares in nab can i particapate , page-27
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Last
$37.27 |
Change
0.150(0.40%) |
Mkt cap ! $114.5B | |||
| Open | High | Low | Value | Volume |
| $37.12 | $37.48 | $36.93 | $113.7M | 3.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12468 | $37.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.30 | 10657 | 2 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| NAB (ASX) Chart |