SPP Harvester by OnMarket, page-14

  1. 689 Posts.
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    As with Danvestor, the purpose is to raise funds but they do 'care' if you plan to sell right away. If that were the case, they wouldn't put in escrow periods and similar especially for large buyers as a means to reduce short term downward pressure. They much prefer long term holders rather than those gaming the system.

    Key risks from this are both
    1) a fall in SPP, which only increased recently because of a need to raise funds due to Covid, which is not a long term situation, and
    2) restrictions in SPP allocation, especially when oversubscribed. This has already occurred this year with some providers only issuing shares based on your pro-rata holdings at time of SPP, and is easily done.

    Both are noted as risks in the offer doc, and I see as too great to justify the expense. Like buying in March generally, this has been successful so far, but I don't hold great faith in its future.
 
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