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Coming up to the last hour or so for people that want in prior to suspension. Suspect we might see a few buys into close although I guess this is fairly irrelevant now.
I am now nursing a small loss, and just waiting to see what happens. Please correct me if I am wrong (I hope I am), but the subscription for NWF shares at 0.15 was under-subscribed, meaning their shareholders didn't all take the opportunity to buy discounted shares.This was then underwritten so all fine regarding the deal. But surely, as soon as the NWF suspension is lifted the NWF share price will fall to 0.15AUD, as tends to happen after a placing? By my calculations one stellar share is therefore worth 6.3p? At a rate of 1.85 GBP/AUD. Still better than today, but still a loss for those who got spiked (me included)
I am now nursing a small loss, and just waiting to see what happens. Please correct me if I am wrong (I hope I am), but the subscription for NWF shares at 0.15 was under-subscribed, meaning their shareholders didn't all take the opportunity to buy discounted shares.This was then underwritten so all fine regarding the deal. But surely, as soon as the NWF suspension is lifted the NWF share price will fall to 0.15AUD, as tends to happen after a placing? By my calculations one stellar share is therefore worth 6.3p? At a rate of 1.85 GBP/AUD. Still better than today, but still a loss for those who got spiked (me included)
I'm expecting a price between $0.15 and $0.18 to begin with once the NWF shares come out of suspension hopefully then rising to somewhere close to the theoretical ex rights price within a couple of weeks. Some patience might be required to see a decent return.
All things considered, it’s unlikely (possible, though unlikely) that NWF will drop as far as the open offer price of 0.15. I’d say the placing price to II’s of 0.20 is more likely. On the positive side, ASX is less prone to big swings in SP and those buying at 0.15 were existing investors, so they might be less likely to sell immediately. GLA
And that’s it! Final price I was being offered was 5.15, but that’s completely irrelevant now. Hopefully we will all see a good return via NWF, good luck everyone!
Agree hardy78. Also, I think it could be a positive for us that so much of the A$30mil raised was taken by the underwriters, I would have thought they are smart enough to wait a little bit on a much higher return, rather than trying to skim a quick 10%... Although I could be wrong.
best price I got in last 10 mins was 5.75 with IG, waited and waited till last 30 seconds when it suddenly jumped to 7.25. Waiting game now but I can see a return after all these years ! GL all.