PAB 16.7% 0.7¢ patrys limited

Ann: Rights Issue Closes Oversubscribed, page-22

  1. 494 Posts.
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    Yes, I got over 2.5 times what I was entitled to. Just as well since I ended up with no PAB shares as part of the stop losses I set up just prior to the market dip. Now with the CR profit taking, I've fortunately been able to buy back in lower than I sold and acquire a bigger holding than before. Seems in this case, everybody wins (assuming PAB continues it's success that is).
    Maybe to reduce the number of refund cheques, PAB only rejected the largest over-subscriber payments. Nice to have the smaller shareholders looked after for a change.
 
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