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$36.03 national australia bank limited

NAB SPP, page-78

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andy777

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86

08/05/20

10:55

Post #: 44507629
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Originally posted by Galeocerdo: ↑

In 2009, ANZ had 178000 retail shareholders (40%) apply for the spp. The bank accepted all applications and issued $2.2billion of equity....in addition to the $2.5billion institution placement. The original figure was for only $350 million to retail , and anything more was subject to scale back...but they took everything they received...$2.2billion which is a similar amount allocated to institutions.
So NAB might accept a lot more than $500mill from retail applications. $3billion is allocated to institutions.
If 40% of the 570000 retail shareholders apply for on average $15k, = $3.4 billion which is a similar amount allocated to institutions.....not all applications will be for the $30k.
Last month's cochlear spp amount for retail shareholders was increased by x4.
NAB scaled back their 2009 spp but they may accept a whole lot more this time in my opinion.

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Thanks good post, providing some insight into 2009.

Last edited by andy777: 08/05/20

NAB Price at posting: $16.41 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $36.03		Change -0.260(0.72%)		Mkt cap ! $111.6B

Open	High	Low	Value	Volume
$35.75	$36.03	$35.46	$152.8M	4.263M

Buyers (Bids)

No.	Vol.	Price($)
2	8542	$35.95

Sellers (Offers)

Price($)	Vol.	No.
$36.03	2977	1

View Market Depth

No.	Vol.	Price($)
2	8542	35.950
3	12119	35.900
2	7119	35.850
1	150	35.840
1	19282	35.810

Price($)	Vol.	No.
36.060	4550	1
36.070	4102	1
36.080	3560	1
36.100	5706	5
36.180	560	1

Last trade - 16.10pm 27/06/2024 (20 minute delay)

NAB (ASX) Chart