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Doesn’t this go ex dividend tomorrow. Nice director buy at 142.6p
Just been looking through the trades for the 6th and there are quite a few regular trades which range between £1mil and £3 million... Is someone loading up under the radar?? Does anyone know what is going on with this please?. Even the official stats don't display the correct amount of shares traded today....
It all must be down to the amount of applications each broker gets. I got 66 per cent excess shares with I-web.
Can I have the rest of my cash back now please ?
Also with HL and got approx 50%, will be keeping them though!
Wonder. If hl had a special deal or made a boob, I'm with AJ Bell and applied for 1154 and got 223 in the excess offer which is the 20% roughly. I got my normal entitlement too.
I applied via HL for 5,558 excess shares and ended up with 2,883 (51.8%). Thought the Offer was over subscribed more than 5 times ? Not complaining though
I applied for 3449 excess shares with hargreaves & got 1500, so more than I thought, but I don't know why. I have just sold them for 136.96 About £92.50 profit after dealing costs. So not bad.
And, ta da! ... 100 / 5.15 = 19.4%
My good Kenyan friend, Pole Pole means that for every 5.15 shares you applied for in the excess allotment, you will be given 1. In other words to actually receive 100 shares, you would have needed to apply for 515 and send them a cheque for £669.50p. Another correspondent points out that Tritax's agent wil bank your cheque,l trouser £130 to cover your 100 new shares and then take their own sweet time to send you a refund of £539.50p for the 415 you didn't get.
By 5.15:1 do you mean you get about 19%, because that's what I make it. Sorry but I don't understand what 5.15: 1 means? Do you mean 5.15 to 1?
Total new shares = 192,291,313
Open Offer shares= 152,562,386
Therefore I make the remaining shares issued under the Excess Application to be 39,728,927
According to the RNS, Excess Applications = 204,679,211
Therefore I make the scaling back to be approx 5.15 : 1.
...and then they hang on to the extra money you paid for as long as possible.
I think you'll find they take all the money for the shares you applied for but when the number gets reduced you'll get a refund , that's the way it usually works and I doubt you'll get an even number .
So looks like i have been allocated 6 x the amount the OO entitled me to. Hmmm interesting, asked for more to get rounded number of shares.
Actually, "pole" means "sorry", and "pole pole" is slowly. So my name becomes "pole pole pole pole" ! ;-)
You've just touched on one reason why I'm optimistic. Jefferies are willing to buy any excess at the offer price. We often see brokers' valuations for a stock, and they vary wildly and we wonder where their numbers come from. When one is offering to get out their cheque book to buy at a named price, that's skin in the game and a clear vote of confidence.
Wow, Slowly, you really know your Swahili. I should have known better than to teach grandma how to suck eggs. My apologies for that and also because you're absolutely right, my broker is full of it and we can't be scaled back, and as Johnbri4 points out, there has to be a surplus.
I was only interested in the surplus because I like to hold round numbers and 3 for 23 gives me an odd total. My suspicion is my broker was pointing out that the surplus can be scaled back and quite likely will be, so an application for a few hundred-odd shares to round up to the nearest thousand is likely to be cut back to another odd number, thus defeating the purpose of the exercise. It'll be interesting to see how many excess shares become available and how many applications there are for them. The optimist in me says that Jefferies won't need to open their cheque-book.
Well gewillia you had better tell your human broker he / she better go back to school and take his O level maths.
1486 mil in issue multiply with 3 divide by 23 and the answer is 193 mil. Number of shares on offer 192 mil. Now sure as hell a number will not take up the offer and therefore there will be a surplus
Ooh - I'm sure my maths isn't better than your brokers. I'm an amateur; they're professional. But this wasn't about maths: the paragraph I pointed to in the prospectus says that the qualified allocation is not subject to scaling. If you're broker says I've misread that, please let us all know.
Ndio, nilijua.
Pole-pole is what the guides say to trekkers on Mount Kenya. The incline below 14000 ft is gentle enough that it's not a hard walk, but steep enough that you can gain altitude dangerously quickly.
Indeed, all will be revealed later (baadaye)
Thank you slowly slowly, Incidentally did you know that your name in Swahili is Poley-Poley? (The crazy facts that lodge in my brain 40 years after a landrover trip around Kenya.)
I'm sure your maths is better than my broker's. I just wanted to alert shareholders not to bother selling the family silver or the neighbour's cat to raise funds for an excess application, as it seems most unlikely to get filled. Although it does seem a little incredible that 100% of us are ponying up for our allotment. Who knows? All will be revealed later.
If I did the sums correctly, the 3/23 pretty much exactly accounts for the total intended raise. So even if every shareholder takes up their full 3 for every 23, there should be no need to scale back because they can afford to give everyone that and still be within the total number of new ordinary shares. It's only the excess that will be scaled back.
See page 113, section 5 of https://tritaxbigbox.co.uk/wp-content/uploads/2019/01/BBOX-Prospectus-Web-25-Jan-2019.pdf
Easy-Living, I'm hearing from a human broker that Tritax is well over-subscribed already. That we may well be scaled back from 3 for 23 to something less and there's no point in applying for any excess, because there won't be one. Small wonder the price is at 140p.
all good with Halifax now. Just a touch slower than the rest. This share in my opinion is a slow burner that won't lose investors money but won't make millionaires.
AJ Bell set up the corporate actions today, base shares applied for, need to fund the excess before I apply for those :)
Got mine on iWEB so would expect it should now be available via Halifax