Received ~11.5% more as well. Applied for the maximum amount.
A little disappointed with the scaling, is there information on the methodology?
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Same here across 3 different applications for different amounts, 11.38% for all three.
Same here across 3 different applications for different amounts, 11.38% for all three. Didn't apply near the max for any of them. My guess you initially got the minimum of what you bid or 11.4%
If it makes people feel any better, I applied for $30k, but only got $423 (91 shares)
i.e. 1.4% of application, and like other people, 11.4% of my holding. (801 shares)
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That would make sense, IFT issued just over 10% more shares through the equity raising (around 60 million new shares and existing shares on issue was 660 million). To maintain your same % shareholding in the company following the raise you would expect to receive around 10% of your existing shareholding.
I'm on 11% too. The offer was pretty clear it would be scaled based on holdings so not too surprised - I optimistically put in enough to add 50% to my holdings but sounds like some of you were even more optimistic than me.
Absolutely meaningless amount, am quite annoyed about this. What was the point of having this retail rating if they are not going to give people a sensible number of shares. Tied up 50k for weeks just for a few shares, pointless. Maybe that was their plan to skim off all the interest