Lot of dreamers on buy side eh boysy
My $6.25 sooner than i reckon the way its going
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Lot of dreamers on buy side eh boysy
My $6.25 sooner than i reckon the way its going
Yep those off market buys certainly show someone is keen on buying one would imagine the sophisticated investors selling shares bought at $3.70 a few weeks ago.
Someones going to have to disclose a change in shareholder movement of > 1% in the coming few days based on the turnover since the last such release on the 24/06/2016.
Looks like the TIL SPP is also going to be scaled. But I can't see anything about the scaling rate?
https://www.nzx.com/companies/TIL/announcements/285520
We can assume max scaling though can't we based on the below calculation that all 59% went for the full $15k allocation
$5m / 1112 * 59% shareholders (as at 03/06/16) = $7704 or 2,082 shares at $3.70
The way I thought about it was a little different.
1112 shareholders x 59% (people participating)
*assumed average buy is somewhere between 10-15k and sure you will get over $5m !
My figures assume everyone is applying for $15k and will therefore result in each individual getting $7704 worth of shares in other words everyone would get scaled by 49%. In reality not everyone would of gone for the max allocation available so the figures will be higher.
Any idea, when we get informed?