Yes that is correct Sabine. The Offer in the mail will offer...

Yes that is correct Sabine. The Offer in the mail will offer various payment options but BPAY seems to work well.

Interestingly, the NWH SPP may take into account:
* the size of shareholding;
* the extent to which eligible shareholders have sold or bought additional shares after the Record Date;
* the date an application was made

The Placement bookbuild finishes at 5pm today and is in the range $0.64-0.68 - we should know soon.

Let's say the Placement price is $0.66 - this becomes the SPP price I think.

If you are a Retail investor, you will be diluted if you take up the $10,000 but hold more than 125219 shares $10,000/$0.66/12.1%).

The Record Date was 11/8 (last Friday). Let's say the NWH share price is $0.70 tomorrow. A common arbitrage strategy is to sell $10,000 worth shares at $0.70 ... knowing that these share can be bought back at $0.66 through the SPP ... a guaranteed profit (depending on CGT issues).

However NWH are saying that they have the option of whacking you if you use this strategy? That is, you might sell $10,000 worth of shares but NWH will not guarantee that you can buy $10,000 through the SPP.

Ah the joys of being a retail investor!