Change to a full service broker! Market in a correction mode (here is hoping) and you might get it cheaper, be very patient:cool:
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Summerset Group Holdings Limited advises that the strike price for the
dividend reinvestment plan (DRP) operating in respect to the dividend payable on 20 March 2013 has been set at $2.5963 per share.
Ouch!!!
Brokers must be loving it after a long time! Now, they are in demand. Back to good old days of irrational exuberance! Not in a bubble territory yet but I am just a retail investor with a small pocket!
The SkyTV placement was at 4.80.
When the trading halt was lifted, it did go as low as 4.85 on market, then up from there.
After the TradeMe placement last yr, I think it traded slightly below the placement price before moving on up.
I think we'd be lucky to get SUM @ 2.42 or under on market.
NO technical damage..2.48 support held See my chart post #213...so view this price drop as an opportunistic entry level... put my money where my mouth is...accumulated some more this morning
Back when Summerset was listed, my broker said that it would be an unspectacular "plodder" and was not cheap! My first ever equity investment was a subscription in the Infratil float despite a warning from my then broker, who said it would be a "boring" utility play. So, from experience, I should have known to ignore the broker advice against "plodders" and bought a Summerset holding earlier..... but I took a small plunge today! The insider buyer alert was the clincher for me.
Some of us are very lucky having an excellent broker.
I must admit posters on sharetrader have made me much more alert to what is going on.
sparky is a breath of fresh air,hoop keeps us "on the trend line"and many like mcduffy,winner69,lizard and balance keep us honest.