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

BIN

Click for more information

0.00%

$3.44 bingo industries limited

Good advice but I have a further question about what I do. I...

First 3 Last

Share
Profile

Follow
LovesBargains

145 Posts.

6

22/08/18

17:57

Post #: 35103380
Share

Originally posted by tjtian ↑

Basically you are being offered to buy more shares. To calculate how much money you need to set aside for the payment, divide your total shares by the 2.54 or whatever the ratio is, then multiply by the entitlement price. Oh, and I would recommend setting aside an extra 25% to take advantage of the potential to oversubscribe.

You will get a letter from the registry in a couple weeks time. Complete the form, follow the directions (i.e. make the payment by BPAY).

After a few days, you will receive your new shares. If you get any additional shares through the oversubscription offer, these will also be given to you, otherwise your money will be refunded.

As BIN will probably be trading at a level higher than the entitlement price, so it's essentially an instant win for you if you participate (and even more money if you get to oversubscribe). If you don't, well you will just be leaving money on the table.

Even if the price is not a lot higher, it might still be worthwhile participating just so you are not diluted.

Expand

Good advice but I have a further question about what I do. I have an account with Interactive Brokers and the new shares are showing in my account already under BIN RTS corpact 7551 shares. How does this get activated?

BIN Price at posting: $2.87 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 14 more messages in this thread...

First 3 Last

Add BIN (ASX) to my watchlist