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Oilex Share Chat (OEX)



Share Price: 3.00Bid: 2.75Ask: 3.25Change: -0.125 (-4.00%)Faller - Oilex
Spread: 0.50Spread as %: 18.18%Open: 3.25High: 3.25Low: 2.875Yesterday’s Close: 3.125


Share Discussion for Oilex (OEX)


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Bombcom
Posts: 18
Observation
Opinion:Hold
Price:3.00
No attraction in SPP
Today 18:02
I will not take up my entitlement. Let the underwriter or magna have it. Last rights issue even Bhandari did not subscribe if I am not wrong.
 
spantrout
Posts: 9,001
Off Topic
Opinion:No Opinion
Price:3.00
View Thread (2)
RE: Something to consider
Today 17:10
I'm open to correction on any of the figures below.
spantrout
Posts: 9,001
Off Topic
Opinion:No Opinion
Price:3.00
View Thread (2)
Something to consider
Today 17:09
the 20% discount may not be worth much

$5m Aus = £2.75m using the 0,55 rate in RNS for SPP

£2.75m represents at SPP price of 3p a total of 91.575m shares.

If the company were then to do another 15% placing at the same price and the same time, that would represent 92.55m shares

so total shares to be added would be 184.125m or a dilution of 29.84%

caveats being that

1)only occurs if the 15% placing takes place at the same time

2) SPP price of above 3p would reduce the 29.84% figure

3)SPP price below 3p would increase the 29.84% figure

I reckon even at 6p (if the placing occurs simultaneously) the dilution would be 22.5%
spudulika
Posts: 1,033
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.00
View Thread (4)
RE: When are we looking for results..
Today 16:54
Has anyone else's broker come up with an election date so far ahead of the 12th? (Halifax has set it as the midnight on the 4th, which is total crap!)
Elartu
Posts: 513
Off Topic
Opinion:No Opinion
Price:3.00
View Thread (2)
RE: RE: Remember!
Today 16:26
Very true HUFC. They could have gone back to Darwin for instance.
Hufc1908
Posts: 2,405
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.00
View Thread (2)
RE: Remember!
Today 16:21
Oilex is offering current holders the chance to invest and move forward in 2015. It would have been very easy to raise the $5m in other ways as we have seen in the past. PI moan and mistrust because the company is only offering this share issue to holders. Simple reply - don't buy
Elartu
Posts: 513
Off Topic
Opinion:No Opinion
Price:3.00
View Thread (2)
RE: Spread
Today 16:08
Actual spread is 2.98p - 3.15p (max available online is 225k).
ShadowZ
Posts: 1,768
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.00
View Thread (2)
Spread
Today 16:01
Real spread 3pish to sell and 3.25p to buy, don't think much left on 3.25p as some large buy went through at full ask
spantrout
Posts: 9,001
Off Topic
Opinion:No Opinion
Price:3.00
View Thread (4)
RE: When are we looking for results..
Today 14:55
I certainly wouldn't be commiting money before the results, there is enough risk not knowing what the sp will be from 17th-22nd
spantrout
Posts: 9,001
Off Topic
Opinion:No Opinion
Price:3.00
View Thread (4)
RE: When are we looking for results..
Today 14:49
given the test only ends on the 29th, possibly early 30th, that would seem a bit of a rush to get results out by the 1st/2nd

I think we'll get them on the 5th or 8th, which would obviously leave Halifax clients with a bit of a dilemma.

but WTFDIK.



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