Australia's largest stock trading and investment forum Australia's #1 stock forum

ABB

Click for more information

0.00%

$3.64 aussie broadband limited

Yeah I sold all my shares and attempted to buy back ~double....

First 35 Last

Share
Profile

Follow
dannyism

637 Posts.

46

16/09/21

15:41

Post #: 56122072
Share

Originally posted by smartbomb: ↑

Early closure has happened but is quite rare. There are all sorts of ways they can do a scaleback. However there is likely to be a minimum allocation, and after that the common approach is to apply a simple percentage scaleback to the various dollar applications (which can sometimes be very high, 50%+) and they can also do a scaleback that reflects the holding at the record date, or do something else. In my experience of a lot of SPPs over many years, they tend to give some indication beforehand if they are going to do some very fancy scaleback, and overall companies tend to prefer the approach which is simplest for the company. Where the scaleback could be high, as with ABB, selling after the record date expecting to get an equivalent number of shares back at a cheaper price is to invite disappointment into your life.

Expand

Yeah I sold all my shares and attempted to buy back ~double. Will see. I've only been a holder for about 4 months.

ABB Price at posting: $4.89 Sentiment: Buy Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

COV

CLEO Diagnostics kicks off ovarian cancer-detecting blood test trials in USA

ASX Market Open: Aussie stocks to open flat after a volatile night on Wall Street ahead of US jobs report | September 6, 2024

There are more pages in this discussion • 50 more messages in this thread...

First 35 Last

Add ABB (ASX) to my watchlist

(20min delay)
Last $3.64		Change 0.000(0.00%)		Mkt cap ! $1.075B

Open	High	Low	Value	Volume
$3.62	$3.64	$3.62	$28.19K	7.788K

Buyers (Bids)

No.	Vol.	Price($)
3	1125	$3.62

Sellers (Offers)

Price($)	Vol.	No.
$3.64	4627	6

View Market Depth

No.	Vol.	Price($)
1	1842	3.940
1	1992	3.750
1	48	3.740
2	509	3.720
1	27	3.680

Price($)	Vol.	No.
3.420	1	1
3.540	216	1
3.580	30	1
3.600	671	1
3.610	1350	1

Last trade - 09.59am 06/09/2024 (20 minute delay)

ABB (ASX) Chart