Tritax Big Box open offer and subscription
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- Lemon Quarter
- Posts: 2223
- Joined: November 4th, 2016, 8:46 pm
Tritax Big Box open offer and subscription
Open offer to fund the acquisition of large land bank offering a 7-9% yield when developed. Looks good to me.
Outline details:
https://tritaxbigbox.co.uk/pressrelease ... pen-offer/
MDW1954
Outline details:
https://tritaxbigbox.co.uk/pressrelease ... pen-offer/
MDW1954
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- Lemon Slice
- Posts: 350
- Joined: November 6th, 2016, 4:44 pm
Re: Tritax Big Box open offer and subscription
Could you please tell me how to calculate the scaling back of the 'excess' applications.MDW1954 wrote:Open offer to fund the acquisition of large land bank offering a 7-9% yield when developed. Looks good to me.
Outline details:
https://tritaxbigbox.co.uk/pressrelease ... pen-offer/
MDW1954
I've seen some suggestions of 19/20ths but I can't find that in the published docs only;
A scaling back exercise has been undertaken with respect to Excess Applications received which have been allocated pro rata to Qualifying Shareholders' applications under the Excess Application Facility, in accordance with the terms set out in the Prospectus.
And I can't make sense of that.
Looks like not a great appetite for them tho'
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- Lemon Quarter
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- Joined: November 4th, 2016, 8:46 pm
Re: Tritax Big Box open offer and subscription
Don't know why you're saying not a great appetite? Significantly over-subscribed, from what I can see.gnawsome wrote:Could you please tell me how to calculate the scaling back of the 'excess' applications.MDW1954 wrote:Open offer to fund the acquisition of large land bank offering a 7-9% yield when developed. Looks good to me.
Outline details:
https://tritaxbigbox.co.uk/pressrelease ... pen-offer/
MDW1954
I've seen some suggestions of 19/20ths but I can't find that in the published docs only;
A scaling back exercise has been undertaken with respect to Excess Applications received which have been allocated pro rata to Qualifying Shareholders' applications under the Excess Application Facility, in accordance with the terms set out in the Prospectus.
And I can't make sense of that.
Looks like not a great appetite for them tho'
My brokers' communications usually provide the calculation basis -- I tend to wait for those to arrive.
MDW1954
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- Lemon Slice
- Posts: 350
- Joined: November 6th, 2016, 4:44 pm
Re: Tritax Big Box open offer and subscription
I thought I read that the excess applications were to be scaled at 19/20ths.MDW1954 wrote:
Don't know why you're saying not a great appetite? Significantly over-subscribed, from what I can see.
My brokers' communications usually provide the calculation basis -- I tend to wait for those to arrive.
MDW1954
That's a lot higher than the previous offerings have scaled back to, which seems to suggest lower demand but I must admit my capacity to interpret documents is itself being scaled back (from a low point).
The share price also seems to be weekening from the news.
A scaling back exercise has been undertaken with respect to Excess Applications received which have been allocated pro rata to Qualifying Shareholders' applications under the Excess Application Facility, in accordance with the terms set out in the Prospectus.
I've no doubt my broker will advise in its own good time but I'm at one of those 're-alignment' points with the financial year-end approaching and various things in train.
So at fourscore and some I find the urge to get bits settled, as soon as I can find the data, high on my priority list. It seems the data is 'out there' just I'm not seeing it.
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- Lemon Quarter
- Posts: 2223
- Joined: November 4th, 2016, 8:46 pm
Re: Tritax Big Box open offer and subscription
I suspect the share price is slightly down because of the short-term impact on earnings per share.gnawsome wrote:The share price also seems to be weakening from the news.MDW1954 wrote:
Don't know why you're saying not a great appetite? Significantly over-subscribed, from what I can see.
My brokers' communications usually provide the calculation basis -- I tend to wait for those to arrive.
MDW1954
I've no doubt my broker will advise in its own good time but I'm at one of those 're-alignment' points with the financial year-end approaching and various things in train.
So at fourscore and some I find the urge to get bits settled, as soon as I can find the data, high on my priority list. It seems the data is 'out there' just I'm not seeing it.
Re: the data, the shares are already there in Hargreaves Lansdown accounts, a mate tells me. So too with your broker (and mine, when I get around to looking, I guess). So check your account tomorrow -- you may not need to do any calculations, the actual shares should be there.
MDW1954
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- Lemon Slice
- Posts: 350
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Re: Tritax Big Box open offer and subscription
No sign yet - at noon.So check your account tomorrow -- you may not need to do any calculations, the actual shares should be there.
MDW1954
Not surprised at that. I guess it is hardly important but I'm still confused by the RNS.
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- Lemon Slice
- Posts: 350
- Joined: November 6th, 2016, 4:44 pm
Tritax Big Box open offer and subscription
Still no basic entitlement
and still no excess allotment
Not even a simple formula for calculating the basis for the excess allocation.
Is this starting to smell wrong to anyone else.
and still no excess allotment
Not even a simple formula for calculating the basis for the excess allocation.
Is this starting to smell wrong to anyone else.
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- Posts: 6
- Joined: November 5th, 2016, 5:06 pm
Re: Tritax Big Box open offer and subscription
My allocation now shows on my HL account.
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- Lemon Quarter
- Posts: 2223
- Joined: November 4th, 2016, 8:46 pm
Re: Tritax Big Box open offer and subscription
No.gnawsome wrote: Is this starting to smell wrong to anyone else.
MDW1954
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- Lemon Quarter
- Posts: 1186
- Joined: November 8th, 2016, 2:20 am
Re: Tritax Big Box open offer and subscription
No problems here.gnawsome wrote:Still no basic entitlement and still no excess allotment
Not even a simple formula for calculating the basis for the excess allocation.
Is this starting to smell wrong to anyone else.
Ask the question to your broker.
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- Lemon Slice
- Posts: 350
- Joined: November 6th, 2016, 4:44 pm
Re: Tritax Big Box open offer and subscription
I very much agree that it seems to be my broker who is at fault.supremetwo wrote:
Ask the question to your broker.
I now have the allocations - as at c18:30 but my account is not reconciled
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- Lemon Quarter
- Posts: 1186
- Joined: November 8th, 2016, 2:20 am
Re: Tritax Big Box open offer and subscription
Scaleback of the excess allocation - received 19.4% of the number applied for.gnawsome wrote:I very much agree that it seems to be my broker who is at fault.supremetwo wrote:
Ask the question to your broker.
I now have the allocations - as at c18:30 but my account is not reconciled
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- Lemon Slice
- Posts: 350
- Joined: November 6th, 2016, 4:44 pm
Re: Tritax Big Box open offer and subscription
Scaleback of the excess allocation - received 19.4% of the number applied for.[/quote]supremetwo wrote: I now have the allocations - as at c18:30 but my account is not reconciled
My scaleback of the excess seems to be c44%.
As yet I have not seen (understood) how the excess scaling has been calculated.
Commonly expressed as a %age up to x
Then a reduced %age up to y
And so on.