I see my rights on my anz account. Perhaps because I have hold my share for a long time and did not sell or buy recently so its easier to calculate mine first?
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I see my rights on my anz account. Perhaps because I have hold my share for a long time and did not sell or buy recently so its easier to calculate mine first?
"PEBRC" is the code for the rights, if anyone hasn't discovered it yet.
Thanks again Citizen -
Yep looking at specificity as true negatives is at least partially right. cxBladder will report true negatives (when there is no cancer, and the test gets it correct) 85% of the time. The confusion arises as to what the test is reporting for the other 15% of results.
We tend to think its going to report false negatives (patient is sick but test misses it) But in fact the other 15% are false positives. (no cancer, but test reports there is)
If anyone wants clarification they can look at the math here.
http://en.wikipedia.org/wiki/Specificity_(statistics)
With specificity always remember the bold type first:
Given that the patient is well, tell us the probability that the test gets it right.
Anyways - interesting to know he doesn't think there was a place for it in my scenario. I wonder where the DHBs see it fitting in.
Cheers
They are listed on the NZX site with an opening price of $0.591
https://www.nzx.com/markets/NZSX/securities/PEBRC
Hmm not showing in ASB at all, wierd. ahh well
^cheers - didn't realise you had to put the market in as well, was just putting PEBRC and hitting go :D
with asb securities just type in PEBRC then you have to change the little box next to it to NZX aswell and search and your allocation will be there as it allowed me to place an or for 2/15th of my share even though its not in my automated portfolio.
On another note depth for head shares look good. Opening way back up to 1.25 at the rate meaning no initial dilution
I have not been around that long and my lowest entry was 62c
Cheers bob - it's odd that it shows my PEB shares but doesn't show that I have any PEBRC. If i wanted to trade them I could just do x shares * (2/15) to get my number of tradable is that correct? Them manually add to ASB account and sell them.
I do not want to trade them, in terms of taking the rights, as I understand it i just need to wait for the letter to claim them then do that side of things, does this sound correct?
In with a good sized block at 63c but picked up a small amount at $1.39
The key dates* for the Rights Offer are:
Announcement of Offer 23 October 2013
Rights trading commences 5 November 2013
Record date for eligibility 7 November 2013
Dispatch of Offer document 11 November 2013
Rights trading ceases 21 November 2013
Offer period closes (5.00pm) 27 November 2013
Shortfall Bookbuild for entitlements not taken up 29 November 2013
Allotment date for shares under entitlement offer 4 December 2013
So it looks like we have a few weeks to go before the cutoff point of no longer being able to purchase shares at 55c? Started to worry that I had missed the band wagon with people talking about the shares already appearing for trade. I am a little confused as to why both PEB and PEBRC shares are appearing for trade.
No worries... and yes, you should be able to calculate your holding as you said and simply trade them via your brokerage account.
Also, you don't have to "claim" your rights - they will be allocated to you on the LINK register. You can then trade them, use them to buy shares at 55c or let them expire as you see fit....
Going to be a very interesting day today as to where the share price ends up.
No matter how much you convince people they will still won't be convinced. Thats the nature of people I guess buddy. This is a great product and when the results and capital raised is utilised, this will just get bigger and bigger. I bought some at 85c , was tempted to sell but holding on to it for big banger later on . This year had been good income wise, I didn't want most of sales going to pay too much tax this year.
Can someone quickly explain the mechanics of rights trading.
If you sell at say 59 cents today do you still have to pay 55cents for your right (i.e. pocket 4c)? If not, then conversely if somebody buys at 59 cents on the market do they still have to pay 55 cents to exercise it?
It would seem to me the later would make sense as 59c + 55c = 1.14 (diluted price).
Also now that the share has gone ex-rights can you sell your headline shares and still retain the rights up until the record date?