I think you are right. This is similar as ex-dividend record...

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Hope333

2,290 Posts.

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10/07/20

13:21

Post #: 45778960
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Originally posted by siu_loong_bao: ↑

It sucks that those that got on board yesterday b4 the cut-off won’t be eligible to participate in the share offer (since you need to be registered as the owner of the share prior to the cut-off). I am with CommSec, and from first hand experience, this happened to me for the recent NAB share offer at $14.50 - I bought before the cut-off date/time, but was not eligible as my SRN wasn’t recognised by NAB - sucks big time. Happy for someone to correct what I have said.

To all those that bought yesterday (like me), looks like we are in it for the medium term. My entry was $7.40 and happy to hold. This company’s going to sezzle for a while to come. The addition a key ex-PayPal executive means some doors to big corporates will be opened. As the saying goes “you need to get your foot in the door” to make things happen.

depending on what kind of retracement of the SP (since I can’t get the share offer), I may double up.

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I think you are right. This is similar as ex-dividend record date. Typically T+2. Anyone who bought yesterday probably will not eligible to participate. I have a strong belief for this US-based firm. However, the BNPL bubble is here obviously. If the ASX keeps stable and up, expect for $10 will be very soon. If not, high risk for double down at price near $8.

SZL Price at posting: $6.95 Sentiment: Hold Disclosure: Held
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