The significance of the level of over-subscription at a retail level imo is that there's plenty of money sitting on the sideline, waiting to buy the stock in the event of positive news.
Printable View
That would be a poor strategy if that's what you are waiting for. Substantial positive news will just re rate the SP way above the point it finished at prior to the release of that news....with no trades , (or a lucky few catching those who had not withdrawn a sell price) in-between. With a stock like this best to buy now if you really believe that positive news is on its way and pick up all of the increased value.
The other side of this is what if an announcement does not match market expectations? Thats the time to hold cash to buy at a lower price off panicking short term traders as long as you have a positive long view.
My allocation now appears in my LINK account, (I wasn't notified about it).
Received 75% of my application.
I didn't apply because my weighted average cost is 46 cents so I'm sitting with what I have and waiting for the next piece of good news.
Did you get 10.16% of your current holding? That is what I got by the looks of it. (on LINK account) Must be the pro-rata rate. Meanwhile, non investors got more and make a quick killing and mess with our share price. This seems to have happened so often recently with share issues that disappoint after managing your funds to have cash on hand just to get refunds back.
Still waiting for sharesies to come through but it seems that I'm getting what I asked for.