Big buying interest - judging by bid side. Wonder what's going on.
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Big buying interest - judging by bid side. Wonder what's going on.
buyers will bid higher i guess, seems most sellers would like to hold if can't sell at desirable price.
for me it hasn't reach the price i want to reduce, so i maybe still take the full offer..
RPI's rights went in the bookbuild for 10 cents each according to stuff.co.nz.
Yesterdays close was 68 cents so post rights implied value of 55.8 cents.
Expect trading in rights of 10-10.8 cents for a start then.
Most the analsyts interviewed thought the rights price would be strongly supported and shouldn't fall much below the 10 cent mark as their was strong demand for RPI's Bookbuild.
Discl: Hold PGW and intend to take up my rights.
maybe a silly question, so if i have 8 shares before, now i have 9 rights could trade, until 14 Dec, is that correct?
or i have 17 rights?first time cap raising..
I have another silly question - How do I take up my rights? It's showing in my portfolio with Direct broking but I have no idea how to take them up. This is my first rights issue so I'm a little lost. :o
Scrap that question I have found the answer - I hope:
"Offer document and Entitlement and Acceptance Form mailed to eligible shareholders
27-30 November 2009"
I think we can either sell them, new security code is PWGRA
or accpet the offer to buy 9 new shares at 0.45, documents will be posted to us soon.
Quite a bit of movement with PGWRA today, up 1.1c with a volume of 3117178. I ended up selling my rights today, I'm pretty happy with the size of the holding I have with PGW and I'd probably start having trouble sleeping if I made it any bigger :)
do i get any rights PGWRA through my holdings with PGC? :D