Decent parcels crossed after market at 65c, which could mean one or two big boys didn't get their full allocation and are buying on-market. Will find out tomorrow how institutions placement went.
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Decent parcels crossed after market at 65c, which could mean one or two big boys didn't get their full allocation and are buying on-market. Will find out tomorrow how institutions placement went.
That's positive.
Thought the sp was going to go below 60 cents,which would have put me off applying for more .
https://www.nzherald.co.nz/business/...ectid=12271510
I'm really starting to love these guys story. A smart acquisition that will add to the bottom line from day 1.
Nice endorsement from retail shareholders...
"ikeGPS Group Limited (NZX: IKE) (ASX: IKE) is pleased to announce that its Retail Offer has closed substantially oversubscribed with approximately $3.9 million of applications being received against the $1.0 million target.
IKE has accepted $0.5 million in oversubscriptions, the maximum oversubscription amount permitted by the offer structure, meaning that $1.5 million will be allocated to shareholders (leaving approximately $2.4 million of oversubscriptions). As a result of the high level of participation, applications were scaled in accordance with the rules of the Retail Offer (contained in the Offer Document dated 1 October 2019)."
The only good news I had today!
Hmm but we get scaled back a bit. I'd rather have got my full allotment
With 2.4 M$ returned to shareholders I guess we should see some enthusiastic buying and the last sale at 66c will soon be considered a bit of a bargain.
Disclosure - was not a shareholder so I could not participate in the issue but have been buying in the last few weeks.