This one will need to work for national and co lets see how much institutions stump up and pay
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This one will need to work for national and co lets see how much institutions stump up and pay
Broker firm offer scaled by 10% down. And policy on retail offer here
http://www.voxy.co.nz/business/merid...llion/5/171714
Wrong press release its here:
http://www.scoop.co.nz/stories/PA131...aises-188b.htm
Am i right here ?So that means easy to trade prob no cap to worry about for buyers on mkt.
Wow is $1.50
JT
Yep, all priced on same basis $1.00 now, 50c later.
interesting they don't advise the level of scaling for insto's, but their wording suggests greater than retail and firm.
anyone know ?
As per press release from Mothman
http://www.scoop.co.nz/stories/PA131...aises-188b.htm
Quote:
General Offer applicants – scaling policy
Given the strong level of demand, progressive scaling has been applied. This means that larger applications are scaled more than smaller ones.Overall, 95 percent of retail applications will receive at least 90 percent of the shares they applied for.
New Zealand retail applications
How your application will be scaled:
You will receive:
First $2,500
The full amount you asked for
From $2,501 to $10,000
90% of what you asked for
From $10,001 to $15,000 85% of what you asked for
From $15,001 to $20,000 75% of what you asked for
From $20,001 55% of what you asked for
Individual investors will receive confirmation of their allocations from Friday 25 October 2013.
Broker firm applicants – scaling policy
Broker firm applications have been scaled on a pro rata basis, as outlined in the offer document. Broker firm client allocations have been scaled back by 10%.
Good price for those who intend to hold for a long time.
cheers Xerof ,that is going to make a big diff imo and is a bonus for us on top of $1.50 No penalty for anyone buying before 18 months makes this so much more liquid hence tradable for thuse inclined which is healthy for the share and the s/p.