"SPP will provide those shareholders on the share register as at 5:00 pm Perth time on 24 November 2017"
Given settlements occur on a T+2 basis you were not on the register on the parcel bought and sold in the same day and only on the register at 5:00PM on Monday 27th November for the second parcel. Based on that the inshort answer is "no".
At any rate I wouldnt be too concerned as the SPP scale-back is expected to be aggressive. So not sure that I would be selling to take SPP based on (but it is creating an excellent buying op though that will be short lived I suspect). Just do the numbers:
936 shareholders, and
$1.24m available
Thus if everyone applies you would receive $1,324.78 out of $15,000 + have $15k capital tied up for a few weeks. If you apply for a lesser amount you would get at up to 92% less as well. I have been burying on market at these levels, as have others who missed the placement. At a guess SPP 'arbitragers' will be buying back for a lot more.
Cheers,
- Forums
- ASX - By Stock
- Share Purchase Plan Offer
"SPP will provide those shareholders on the share register as at...
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Gold nuggets unearthed at Comet Well ahead of drilling! Discoveries continue as exploration ramps up
RCE
Phase II clinical trial recruitment for R327G topical gel passes halfway, showing promising results against bacterial skin infections
Add MEI (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.3¢ |
Change
-0.001(1.06%) |
Mkt cap ! $213.7M |
Open | High | Low | Value | Volume |
9.7¢ | 9.7¢ | 9.0¢ | $585.1K | 6.324M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 281440 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 29618 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 281440 | 0.092 |
3 | 64978 | 0.091 |
24 | 1463892 | 0.090 |
3 | 201006 | 0.089 |
8 | 526545 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.093 | 29618 | 3 |
0.094 | 50000 | 1 |
0.095 | 108695 | 1 |
0.097 | 4000 | 1 |
0.098 | 15936 | 1 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
Featured News
MEI (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online