Awesome thanks winner. Thats cleared it up. I gather the big boys/girls will be inclined to taking it up then........
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pak. The people who take up their rights will put in 61c per share as new equity, so the value of you holding will not be diluted. It is your ownership and voting power that is diluted. So, with a small holding it is, as winner says, practically irrelevant. I also have a very small holding (5000 shares), and have already accepted, and mailed my cheque, which came to less than $600.00.
Thanks for your interest Coutts ---Some of the other well researched holders have possibly left because they have thoroughly researched the product (and done a great job) but we have in many ways moved on to the business of marketing and actually selling the product.
and at this time it does not seem to be going as planned(ie cap raising)
If you have anything to add your comments are welcome (blind faith has already been raised)
Meanwhile there are a number of new investors that may benefit from a ''heads up''on the potential pitfalls of a share like this at this point in time.
Did you actually sell your rights @2.5c or .25c?
You averaged down on your Xero shares to end end up in at a cheaper price--Waiting to see how this cap raising dilution and underwriters situation affects the market may well achieve the same result for new investors interested in PEB---any thoughts?
Sold my rights at 2.5c not .25, wasn't in a position to average down as targeted my Dil holding after Xero ( Unfortunately at the wrong time so more patience required there) I figured I would break even sooner on Diligent than Peb so that's my story for now.
I dont see anywhere on the chart where they fetched that much,but Ill take your word for it (they are .7 now) which means those new investors could have gotten them for that much cheaper by taking heed and waiting---which is the point I was making in my last post.(only about the SP)
The is a real danger that ,even with a good product ,that management can make a dogs breakfast out of this.
Looking at the SP performance in the last few years shows the the dangers in long term investing and why the downside should be talked about as well as the positives.
There will be plenty of time for high fives if they actually deliver
Skid the trading range from commencement until now has been 0.2c to 2.5c. The share price performance over the last few years only tells you about how speculators/traders can drive prices to premature overinflated levels not about the dangers of long term investing, all shares have a danger element whether held for short or long terms, I can speak with some authority on that issue.
Thats a pretty good definition of the dangers--You did well on your sale of (overinflated rights?) Whats to say the SP is not over inflated as well by the underwriters?
Most of the comments have been about the unusual situation this Capital raising has raised--when the dust has cleared it will be more on just how the company is trying to achieve its goals of actually making some money and its activities ,goals etc.---Time will tell what the SP will settle at----PEB has certainly not been derisked at this stage.
after market trade that equals the whole days trading volume--- Dang! (never a dull moment)
Again...second day in a row a relatively big after market sale (at over half the volume for the whole day)(at about the same SP)
Still peanuts, total volume traded since Announcements around 7-8mill? At what point do the majors announce movement changes is it one percent therefore after five? I can never remember. Wouldn't be surprised to see a announcement or two before cut off date. Tell me skid are you in or out on this one?