Hold onto your hats people. With a SPP at 88c (or lower) the shareprice will be volatile as everyone plays their games.
Does anyone know how many NZ shareholders HNZ has? probability of scaling?
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Hold onto your hats people. With a SPP at 88c (or lower) the shareprice will be volatile as everyone plays their games.
Does anyone know how many NZ shareholders HNZ has? probability of scaling?
Great niche to be a leader in if managed properly, as hnz will probably do.
I hate it when companies rave about acquisitions being EPS accretive. Seems to be a message don't worry about the dilution
So 65 million new shares.
Using the top end of their forecasts EPS in FY14 is 9.4 cents / EPS in FY15 is 9.6 cents
Yes - that is EPS accretive so good news, but not really that exciting
But then again HNZ going to be bigger
I love quoting myself so sorry for not just editing my post. Anyway:
Per the 2013 stats, they have 8,092 shareholders. So if they 50% apply for the minimum, then
8092 x 50% x $2,500 = 10,115,000
Which will need to be scaled by more than 50% to get to the target of $5m. Will they accept over-subscriptions as it is pretty mean to scale those who apply for the minimum?
From their annual report, as at 1 August 2013 (I presume a few of our members on ST is in the last category)
10.0
Shareholder
Information
Size of Holding Number of Shareholders Total Number of Shares % of Issued Shares
1–1,000 shares 1,064 650,147 0.17
1,001–5,000 shares 2,449 6,512,552 1.68
5,001–10,000 shares 1,433 10,856,025 2.79
10,001–50,000 shares 2,310 53,726,289 13.82
50,001–100,000 shares 506 36,190,334 9.31
100,001 shares and over 330 280,768,628 72.23
TOTAL 8,092 388,703,975 100%
Rank Shareholder Total Shares % of Total Shareholders
1 Harrogate Trustee Limited 36,695,489 9.44
2 Accident Compensation Corporation 21,254,284 5.47
3 Philip Maurice Carter 20,973,492 5.4
4 PGG Wrightson Limited 13,333,333 3.43
5 Oceania & Eastern Limited 12,285,439 3.16
6 Cogent Nominees Limited 12,008,764 3.09
7 Gould Holdings Limited 7,417,427 1.91
8 HSBC Nominees (New Zealand) Limited 6,719,424 1.73
9 Citibank Nominees (NZ) Limited 6,664,221 1.71
10 Leveraged Equities Finance Limited 6,518,340 1.68
11 National Nominees New Zealand Limited 5,959,666 1.53
12 FNZ Custodians Limited 5,753,163 1.48
13 Jarden Custodians Limited 4,500,000 1.16
14 Investment Custodial Services Limited 4,464,273 1.15
15 Investment Custodial Services Limited 4,028,738 1.04
16 New Zealand Superannuation Fund Nominees Limited 3,776,134 0.97
17 Heartland Trust 3,420,197 0.88
18 New Zealand Permanent Trustees Limited 3,150,000 0.81
19 Custodial Services Limited 2,906,391 0.75
20 Forsyth Barr Custodians Limited 2,799,787 0.72
TOTAL FOR TOP 20 HOLDERS 184,628,562 47.50
sorry, that cut and paste is quite difficult to read but it is available on page 68 of their annual report. 8092 shareholders! quite well spread out.
The bigger ones already topped up as part of the 15 mil raised
But yes a pathetic amount to offer the likes of Percy, unless he became sophistated and was part of that 15 mill
According to https://www.nzx.com/files/attachments/189274.pdf they will not be accepting over-subscriptions.
"If Heartland receives applications in excess of $5 million, it will scale back all applications on a proportionate basis."