Picking up a few at 139 :t_up:
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Picking up a few at 139 :t_up:
So, now I've got to find $50k and get massively scaled back, plus eat a 10% drop in the SP today.
I'm sure this capital raise will help in a long run but my portfolio is taking a fairly sizeable hit today.
What's the point of a frothy SP if you can't take full advantage of it rather than offering shares at 20% off.
I'm probably not as unhappy as I sound because PLX have been pretty good to me over the past couple of years but still...
I agree with you all, it’s a bit of a let down discounting the shares by 20%.. specially since it got oversubscribed..
I am relatively naïve when it comes to these SPP's - I have the 50K which I could do now. But how does the scaling work? Currently I have 10K of shares. Is it scaled based on how many shares I have and how many I apply? Or is it based on the shares I apply for?
I would rather not have $50K tied up for x amount of period. To then have it significantly scaled back and mean while Ive missed a buy in another share by having these funds tied up. Bloody frustrating, I also would just have preferred a rights offer.
Naturally I will be participating as I do not want my shares to be diluted.
Cheers Stoploss.
In this case, they’ve said :-
“ The SPP has been structured to be as fair as possible to existing shareholders and should scaling be required it will be by reference to existing shareholdings.”