I agree. Normally the money is taken out immediately. I also applied online y'day but money was not taken out.
Printable View
I will apply on the last day. What if there was a large market correction before then and the head share drops to to less than 1.70.
HBL e-paper work done and dusted.
Nice to know, for a change, that you are getting all you pay for, instead of most of your money boomeranging.
But not going into the auction for more.
Best Wishes
Paper Tiger
Changes to the OfferSubject to the Listing Rules, Heartland reserves theright to alter the dates set out in this Offer Document.
Have been caught out before when the closing date for the offer was bought forward due to high levels of interest. The early bird catches the worm
Blocky was thinking of asking for a few more than 1/15 entitlement.....but what price to offer for them ?????
Just studying the offer docs, seems the only thing you could be sure of is; the price will be no less than $1.70 and no more than the market price on decision day, you could end up with 100k worth of new shares @ $1.97 !
Would like to think a wee premium might eventuate
https://i.stuff.co.nz/business/99108...works-unlikely
“Among the 20 secured HydroWorks creditors owed $5m were Powerhouse, Heartland Bank, Mace Engineering, Steel & Tube, Dorchester Finance, Ricoh Finance, and Financial Synergy. Unsecured creditors are owed $7.5m.”
Dissapointed to see heartland in that sentence, hardly a magnificent seven of sensible investing.
Anyone (from knowledge based on similar offers in the past) willing to make a prediction as to whether the price of additional rights will be signficanlty below market price. Hypothetically if someone were to have a large amount of dosh lying around and obtained a large bundle, would there be an opportunity for a dump at market?