Correct me if Im wrong but were they listed at approx. $5-00, if so this has to be one of the greatest price destruction on the NZX in recent years .
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Correct me if Im wrong but were they listed at approx. $5-00, if so this has to be one of the greatest price destruction on the NZX in recent years .
The notes say "if scaling of the SPP is required, it will be done having regard to existing holdings as at the record date of 8 May 2020"
AIA had the same wording (seems to be the standard template these days) and scaled strictly according to existing shareholding. No consideration was given to the application amount. Hence I am not going to put I the full $50k
Besides I need to keep money for Ramsay RHC:ASX and any other SPP that come up.
I don't want $50k sitting in an account I can't touch for 2 weeks
Don't be dramatic. Listed at $3.50 - simple Google search, and literally outlined in the first few pages of this thread.
Am I missing something here? Are "clients of discount brokerage firms" somehow second class investors?
Personally, I use Jarden/Direct Broking because (a) they are linked to my bank, ANZ and (b) I prefer paying 0.2% per trade instead of the 1%+ I was paying at Forsyth Barr (daylight robbery, if you ask me).
So, seriously, what am I missing here? I'm keen to know.
[PS. Jarden/Direct Broking notify clients of every offer, NZX notice and corporate announcement. Just sayin'. :cool:]