You can check at the share registry, one of them I notice lately has been letting me know by text message.
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"Most distributors could only get around 35% of requirements and the balance has gone into the General pool" - Previous indications from brokers was that they got around half which suggests the brokers will be scaled back 30% rather than the max 20%.
Thats what I would think as well--I think it would be to the Governments advantage(at least in a PR sense)to have as broad of a base as possible with lots of Moms and Pops.
It would be great to get all my shares ,but I can see the logic in that.--Isnt the whole idea to get the population out of the housing market and into the share market that supports Kiwi businesses?
My big nationwide broker got a third of what they asked for. Possibly scaling on top of that.
""I think it would be to the Governments advantage(at least in a PR sense)to have as broad of a base as possible with lots of Moms and Pops."
Only if the SP goes up. Fingers crossed they have this right. They are sitting on ~50% at the moment by my book.
MRP down 14%
MELCA up 15%....although that will reduce once we have to pay the instalment.
Disc: Holding both and applied for Genesis. (Tiger for punishment I guess)
This throws a bit more light on the subject
http://www.stuff.co.nz/business/indu...d-to-be-strong